Gilligan Corporation was established on February 15, Year 1. Gilligan is authorized to Issue 400,000 shares of $12 par value common stock. As of December 31, Year 3, Gilligan's stockholders' equity accounts report the following balances: $480,000 Common stock, $12 par, 400,000 shares authorized, 40, eee shares issued and outstanding Paid-in capital in excess of par - Common 88, eee Retained earnings Total stockholders' Equity $ 560, eee 485,00 $1,045, eee At the end of Year 3, Gilligan decides to issue a 5% stock dividend. At the time of issue, the market price of the stock was $38 per share. What is the number of shares outstanding after the stock dividend is issued? Multiple Choice O 38.000 O 40,000 42,000 O O 402.000