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

Stockholders' equity

Common stock, $1 par; 199,000 shares authorized, 157,000

shares issued and outstanding $157,000

Paid-In Capital in Excess of Par-Common $262,000

Retained Earnings 957,000

Total Stockholders' Equity $1,376,000

On July 1, 2018, the company declared and distributed a 6% stock dividend. The market value of the stock at that time was $14 per share. Following this transaction, what is total stockholders' equity?

A) $1,302,860

B) $1,376,000

C) $1,558,140

D) $1,208,840

Treasury stock is recorded at cost, without reference to par value.

True or False.