Kurt's Market has 10,000 shares of stock outstanding with a par value of $1 per share and a market value of $13 per share. The balance sheet shows $8,000 in the common stock account, $26,000 in the capital in excess of par account, and $32,700 in the retained earnings account. The firm just announced a 100 percent stock dividend What will be the balance in the retained earnings account after this dividend? Select one: O a $24.700 O b. $22,700 O c. $32,700 O d. $40,700 e