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CBA Inc. has 240,000 shares outstanding with a $8.0 par value. The shares were issued for $18.0. The stock is currently selling for $30.0, CBA

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CBA Inc. has 240,000 shares outstanding with a $8.0 par value. The shares were issued for $18.0. The stock is currently selling for $30.0, CBA has $5,000,000 in retained earnings and has declared a stock dividend that will increase the number of outstanding shares by 9.00%. What will be the *capital in excess of par account after the stock dividend? Multiple Choice $2,907,200 $2,875.200 $2875,200 52.400.000

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