On June $30,2026,$ when Cullumber Co$.\text{'}$s stock was selling at $$64$ per share, its capital accounts were as follows:

Capital stock $($par value $$50$;$59000$ shares issued$)$ $$2950000$

Premium on capital stock

$590000$

Retained earnings

$4350000$

If a $100\%$ stock dividend were declared and distributed, capital stock would be

$$7552000$

$$2950000$

$$3540000$

$$5900000$