Boats and Bait has 75,000 shares outstanding that sell for a price of $71 per share. The stock has a par value of $3 per share. The company's balance sheet shows capital surplus of $170,000 and retained earnings of $210,000. If the company declares a stock dividend of 10 percent, what is the new common stock value on the balance sheet?

Multiple Choice

$665,500

$247,500

$187,000

$418,000

$434,500