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Murphy's, Inc., has 55,000 shares of stock outstanding with a par value of $1 per...

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Finance

Murphy's, Inc., has 55,000 shares of stock outstanding with a par value of $1 per share. The market value is $12 per share. The balance sheet shows $71,500 in the capital in excess of par account, $55,000 in the common stock account, and $135,500 in the retained earnings account. The firm just announced a stock dividend of 11 percent. What will the balance in the capital in excess of par account be after the dividend?

$182,600

$144,100

$68,950

$138,050

$132,000

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