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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, $5

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, $5 par, 100,000 shares authorized,
40,000 shares issued $ 200,000
Paid in capital in excess of par-common 120,000
Retained earnings 290,000
Total stockholders' equity 610,000

a. What would be the total paid-in capital after a 10% common stock dividend?

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