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Megastar Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $11.75 per share. Common Stock, $11.00

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Megastar Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $11.75 per share. Common Stock, $11.00 par, 110,000 shares authorized, 57,000 shares issued and outstanding Paid in Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity $627,000 160,000 340,000 $1,127,000 What would be the balance in the Common Stock account after the issuance of a 11% stock dividend? O A. $695,970 O B. $558,030 OC. $627,000 OD. $320,000

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