Boats and Bait has 58,000 shares outstanding that sell for a price of $54 per share. The stock has a par value of $1 per share. The company's balance sheet shows capital surplus of $85,000 and retained earnings of $125,000. If the company declares a stock dividend of 17.5 percent, what is the new common stock value on the balance sheet? $99,875 $68,150 $314,900 $168,025 $246,750