Wendell Company provided the following pertaining to its accounting year that ended December 31, 2016:

Common stock with a $10,000 par value was sold for $54,000 cash

Cash dividends totaling $20,400 were declared, of which $15,400 were paid

Net income was $74,000

A 5% stock dividend resulted in a common stock distribution, which had a $5,000 par value and a $23,400 market value

Treasury stock repurchased in a prior year for $9,400 was resold for $7,400 and in the journal entry to record the sale, Additional paid-in capital was debited for the amount of the difference between the repurchase price and the resale price

What is the amount of increase in Wendells common stock account during the year 2016?

$79,400.

$77,400.

$15,000.

$62,000.