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Val's Marina Supply has 7,500 shares of stock outstanding with a par value of $1 per share and a market value of $28 per share.

Val's Marina Supply has 7,500 shares of stock outstanding with a par value of $1 per share and a market value of $28 per share. The balance sheet shows $7,500 in the common stock account, $32,400 in the capital in excess of par account, and $81,800 in the retained earnings account. The firm just announced a 100 percent stock dividend. What is the value of the capital in excess of par account after the dividend?

  • $24,900

  • $16,200

  • $32,400

  • $39,900

  • $64,800

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