Gordon's Meats Has 6,500 Shares of Stock Outstanding

Gordon's Meats has 6,500 shares of stock outstanding. The market value is $26.50 per share. The balance sheet shows $48,200 common stock account, and $142,900 in the retained earnings
Account. The firm just announced a 5 percent stock dividend. What will the balance be in the
Retained earnings account after the dividend?

A) $134,287.50
B) $134,612.50
C) $147,287.50
D) $150,862.50
E) $151,512.50