Murphy's, Inc. has 40,000 shares of stock outstanding with a par value of $1.00 per share and a market value of $8.00 a share. The balance sheet shows $90,000 in the capital in excess of par account, $40,000 in the common stock account, and $190,000 in the retained earnings account. T a 10 percent stock dividend. What is the value of the capital in excess of par account after the dividend? O $111,000 O $117,000 O $119,000 O $118,000 O $114.500