CBA Inc. has 260,000 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 $7,000,000 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?

Group of answer choices

$4,732,800

$3,114,800

$10,114,800

$2,600,000