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Boats and Bait has 66,000 shares outstanding that sell for a price of $62 per share. The stock has a par value of $3 per

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Boats and Bait has 66,000 shares outstanding that sell for a price of $62 per share. The stock has a par value of $3 per share. The company's balance sheet shows capital surplus of $125,000 and retained earnings of $165,000. If the company declares a stock dividend of 12.5 percent, what is the new common stock value on the balance sheet? $140,625$363,375$222,750$549,000$326,250

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