Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $11.50 per share.

common stock $8 par, 100,000 shares authorized 40,000 shares issue - $320000

Paid in capital in excess of par - common - $150,000

Retained earning $330,000

Total Stockholders Equity - $800,000

What would be the balance in the Common Stock account after the issuance of a 10% stock dividend?

$300,000

$288,000

$352,000

$320,000