Bryn Mar Company Is Authorized to Issue 1,000,000 Shares of $10

Bryn Mar Company is authorized to issue 1,000,000 shares of $10 par value common stock. By March 15, 2019, the company had issued 200,000 shares at $34 per share. On March 15, 2019, the company declared a 10% stock dividend when the market price was $40 per share.
What amount is transferred from retained earnings to paid-in capital as a result of the stock dividend?

A) $ 600,000
B) $ 200,000
C) $ 800,000
D) $2,400,000