Kurt's Market Has 8,000 Shares of Stock Outstanding with a Par

Kurt's Market has 8,000 shares of stock outstanding with a par value of $1 per share and a market value of $13 per share. The balance sheet shows $8,000 in the common stock account, $26,000 in the capital in excess of par account, and $32,700 in the retained earnings account. The firm just announced a 100 percent stock dividend. What will be the balance in the retained earnings account after this dividend?

A) $0
B) $24,700
C) $32,700
D) $40,700
E) $128,700