Gilligan Corporation was established on February 15, Year 1. Gilligan is authorized to issue 500,000 shares of $6 par value common stock. As of December 30, Year 1, Gilligan's stockholders' equity accounts report the following balances: Common stock, $6 par, 500,000 shares authorized 61, 500 shares issued and outstanding $ 369, 000 Paid-in capital in excess of par - Common 492, 000 $ 861, 000 Retained earnings 1, 439,000 Total Stockholders' Equity $ 2,300,000 On December 31, Year 1, Gilligan decides to issue a 5% stock dividend. At the time of issue, the market price of the stock was $26 per share. What is the dollar value of the stock dividend issued by Gilligan Corporation? Multiple Choice O $115,000 O $79,950 O $18,450 O $49,200