Amber Corp

Amber Corp. has 3 million shares of common stock outstanding. The stock is selling at $30 per share. If Amber announces a 20 percent stock dividend, the transfer that must be made from retained earnings to the common stock account to account for the stock dividend will be _____. 

A) $3,600,000
B) $18,000,000
C) $14,400,000
D) $108,000,000
E) $6,000,000