Shirley's Restaurants Has 35,000 Shares of Stock Outstanding with a Par

Shirley's Restaurants has 35,000 shares of stock outstanding with a par value of $1.00 per share. The market value is $9 per share. The balance sheet shows $112,000 in the capital in excess of par account, $35,000 in the common stock account and $68,000 in the retained earnings account. The firm just announced a 5 percent (small) stock dividend. What will total owners' equity be after the dividend?

A) $165,000
B) $180,000
C) $215,000
D) $237,000
E) $250,000