CBA Incorporated has $260,000$ shares outstanding with a $$10\mathrm{.}5$ par value. The shares were issued for $$20\mathrm{.}5.$ The stock is currently selling for $$32\mathrm{.}5.$ CBA has $$7,000,000$ in retained earnings and has declared a stock dividend that will increase the number of outstanding shares by $11\mathrm{.}50\%.$ What will be the "capital in excess of par account" after the stock dividend?

Multiple Choice

$$3,956,050$

$$3,257,800$

$$10,257,800$

$$2,600,000$