The high table company stock has a market value of 30, has the following common equity accounts on its balance sheet. Common stock ($1 par, 1,000,000 shares) 1,000,000 Contributed capital in excess of par $14,000,000 Retained earnings 62,000,000 Total common stockholders equity $77,000,000 If the firm declares a 5% stock dividend, what will be the retained earnings figure after the dividend is paid?