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On June 30, 2016, when Ermler Co.s stock was selling at $65 per share, its equity accounts were as follows: Share capitalordinary (par value $50;

On June 30, 2016, when Ermler Co.s stock was selling at $65 per share, its equity accounts were as follows:

Share capitalordinary (par value $50; 60,000 shares issued) $3,000,000

Contributed capitalordinary 600,000

Retained earnings 4,200,000

If a 100% share dividend were declared and distributed, share capitalordinary would be

A. $3,000,000

B. $3,600,000

C. $7,800,000

D. $6,000,000

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