Gilligan Corporation was established on February 15, Year 1. Gilligan is authorized to issue 650,000 shares of $15 par value common stock. As of December 30, Year 1, Gilligan's stockholders' equity accounts report the following balances: Common stock, $15 par, 650,000 shares authorized 65,000 shares issued and outstanding Paid-in capital in excess of par Common Retained earnings Total Stockholders' Equity On December 31, Year 1, Gilligan decides to issue a 10% stock dividend. At the time of issue, the market price of the stock was $34 per share. What is the dollar value of the stock dividend issued by Gilligan Corporation? Multiple Choice $221,000 $19,500,000 $97500