The Owners' Equity Accounts for Boats and More Are Shown

The owners' equity accounts for Boats and More are shown here: Assume Boats and More stock currently sells for $38 per share and a 10 percent stock dividend is declared. What will be the new common stock account value?

A) $40,909
B) $45,000
C) $47,000
D) $48,511
E) $49,500