On August 31, 2013, Victory Corporation's Common Stock Is Priced

On August 31, 2013, Victory Corporation's common stock is priced at $30 per share before any stock dividend or split, and the stockholders' equity section of its balance sheet appears as follows. Assume that the company declares and immediately distributes a 15% stock dividend. $\begin{array}{lr}\text { Common stock — } \$ 7 \text { par value, } 95,000 \text { shares authorized, } 38,000 \text { shares }\\\text { issued and outstanding } & \$ 266,000 \\\text { Paid-in capital in excess of par value, common stock } & 100,000 \\\text { Retained earnings } & 366,000 \\\text { Total stockholders' equity } & \$ 732,000\end{array}$ What is the total amount in the Paid-In Capital in Excess of Par account immediately after the stock dividend?

A) $537,000
B) $195,000
C) $366,000
D) $100,000
E) $231,100