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On June 30, 2018, Ginger, Inc. showed the following data on the equity section of their balance sheet: Stockholders' Equity Common Stock, $1 par; 202,000

On June 30, 2018, Ginger, Inc. showed the following data on the equity section of their balance sheet:

Stockholders' Equity
Common Stock, $1 par; 202,000 shares authorized, 150,000 shares issued and outstanding $150,000
Paid-In Capital in Excess of ParCommon $260,000
Retained Earnings 946,000
Total Stockholders' Equity $1,356,000

On July 1, 2018, the company declared and distributed a 9% stock dividend. The market value of the stock at that time was $20 per share. Following this transaction, what is the balance of Common Stock?

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