Spandex Sportswear has 7,000 shares of stock outstanding with a par of $1 a share and a market value of $32 a share. The balance sheet shows $82,000 in the capital-in-excess-of-par account, $7,000 in the common stock account, and $64,800 in the retained earnings account. The firm announced a 10% stock dividend. Find the capital surplus account after the dividend.

Multiple Choice

$76,000

$103,700

$82,000

$104,400

$97,700