On June 30, 2020, when ABC shares were selling for $65 each, the equity accounts had the following balances:

Common Stock ($50 par value: 50,000 issued) $2,500,000

Capital contributed in excess of the par value 600,000

Retained earnings 4,200,000

A 100% stock dividend was declared and distributed. and

Determine the total shareholders' equity after the declaration of the stock dividend. Select one:

to. $9,800,000

b. $5,750,000

c. $7,300,000

d. $11,050,000