Boats and Bait has 61,000 shares outstanding that sell for a price of $57 per share. The stock has a par value of $1 per share. The company's balance sheet shows capital surplus of $100,000 and retained earnings of $140,000. If the company declares a stock dividend of 12.5 percent, what is the new common stock value on the balance sheet? Multiple Choice $338,625 $112,500 $181,125 $68,625 $270,000