1. Wilson Company is authorized to issue 1,000,000 shares of $10 par value common stock. By March 15, 2016, the company had issued 200,000 shares at $34 per share. On March 15, 2016, the company declared a 10% stock dividend when the market price was $40 per share. What amount is transferred from retained earnings to paid-in capital as a result of the stock dividend?

   	A.	$ 200,000
   	B.	$2,400,000
   	C.	$ 800,000
   	D.	$ 600,000