Pink Inc. has 500,000 shares outstanding. The shares were issued for $10. The stock is currently selling for $40. Pink has $6,000,000 in retained earnings and has declared a stock dividend that will increase the number of outstanding shares by 10%. What will be the common stock account after the stock dividend?

		$2,000,000
		$7,000,000
		$1,000,000
		$5,500,000