Cat's Has 41,800 Shares of Stock Outstanding with a Par

Cat's has 41,800 shares of stock outstanding with a par value of $1 per share and a market value of $13.57 per share.The balance sheet shows $41,800 in the common stock account,$247,900 in the capital in excess of par value account,and $308,500 in retained earnings.The firm just announced a large stock dividend of 50 percent.What is the value of the retained earnings account after the dividend?

A) $287,600
B) $268,500
C) $24,887
D) $45,787
E) $308,500