Giligan Corporation was established on February 15, Year 1. Giligan is authorized to issue 525,000 shares of $10 par value tollowing balances common stock As of December 30, Year 1 Glligan's stockholders' equity accounts report the Common stock, $18 par, 525,00 shares authorized 52,580 shares issued and outstanding Paid-in capital in excess of par Common 5525,000 105,000 $ 638,e%e Retained earnings Total Stockholders' Equity 1,199,000 On December 31, Year 1. Gagan decides to issue a 8% stock dividend At Sesme of nsue se maket price of the stock was S26 per share. What is the number of shares outstanding after the stock dvidend is nsued 56,700 snaies 200