AAA Corporation has 250,000 shares outstanding. The shares were issued for $14. The stock is currently selling for $34. AAA has $5,000,000 in retained earnings and has declared a stock dividend that will increase the number of outstanding shares by 6%. What will be the common stock account after the stock dividend?

A.

$3,500,000

B.

$8,500,000

C.

$4,010,000

D.

$510,000