Bruno's Has 7,000 Shares Outstanding with a Par Value of £1.00

Bruno's has 7,000 shares outstanding with a par value of £1.00 per share and a market value of £12 per share.The statement of financial position shows £7,000 in the ordinary equity account, £58,000
In the additional paid in capital account and £32,500 in the retained earnings account.The firm just
Announced a 50% (large) stock dividend.What is the value of the retained earnings account after
The dividend?

A) £29,000
B) £30,500
C) £32,500
D) £34,500
E) £36,000