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Westhaven Corporation currently has 36,000 shares outstanding that sell for $68 per share. The company plans to issue a stock dividend of 12.5 percent. The

Westhaven Corporation currently has 36,000 shares outstanding that sell for $68 per share. The company plans to issue a stock dividend of 12.5 percent. The stock has a par value of $1. What is the total capital surplus on the new shares?

$301,500

$320,500

$4,500

$306,000

$324,000

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