The stockholders' equity section of Rudolf Company showed the following:

Common Stock--$30 par value, 60,000 shares issued and outstanding	$1,800,000
Contributed Capital in excess of par value, common stock	5,400,000
Retained Earnings	4,800,000

Rudolf declared a 10% stock dividend on a day when the market value of the stock was $90 per share.

The stock dividend will:

Select one:

A. Increase Paid-in capital in excess of par value, Common Stock by $360,000

B. Increase Paid-in capital in excess of par value, Common Stock by $540,000

C. Decrease Retained Earnings by $360,000

D. Increase Common Stock by $540,000