Question $7$

$3$ pts

On June $30,2021,$ when Ruth Co$.\text{'}$s stock was selling at $$40$ per share, its Shareholders' Equity accounts had $160,000$ shares of $$10$ par common stock, with APIC $-$ Common Stock of $$420,000,$ and Aetained Earnings of $$2,400,000.$ After the distribution of a $100\%$ stock dividend, Common at Par would equal which of the following?

$$1,600,000$

$$2,020,000$

$$8,000,000$

$$3,200,000$

None of the other answers