The Stockholders' Equity Section of Rudolf Company Showed the Following

The stockholders' equity section of Rudolf Company showed the following:
Common Stock - $30 par value, 60,000 shares issued and outstanding
$1,800,000
Contributed Capital in excess of par value, common stock
5,400,000
Retained Earnings
4,800,000
Rudolf declared a 10% stock dividend on a day when the market value of the stock was $90 per share.
The stock dividend will:

A) Increase Paid-in capital in excess of par value, Common Stock by $540,000
B) Decrease Retained Earnings by $360,000
C) Increase Common Stock by $540,000
D) Increase Paid-in capital in excess of par value, Common Stock by $360,000