Murphy's, Incorporated, has 25,000 shares of stock outstanding with a par value of $1 per share. The market value is $12 per share. The balance sheet shows $68,500 in the capital in excess of par account, $25,000 in the common stock account, and $129,500 in the retained earnings account. The firm just announced a stock dividend of 11 percent. What will the balance in the capital in excess of par account be after the dividend?

Multiple Choice

$98,750

$101,500

$83,000

$99,250

$96,000