Gordon Corporation Reported the Following Equity Section on Its Current

Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $11.50 per share.
$$\begin{array} { | l | r | } \hline\text { Common stock, } \$ 5 \text { par, } 100,000 \text { shares authorized, } 40,000 \text { shares } & \\\text { issued } & \$ 200,000 \\ \hline \text { Paid in capital in excess of par-common } & 120,000\\\hline \text { Retained earnings } &\underline { 290,000 } \\\hline \text { Total stockholders' equity } & \$ \underline { 610,000 }\\\hline\end{array}$$
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What will the total number of shares issued be after the declaration of a 10% stock dividend?

A) 20,000 common shares
B) 44,000 common shares
C) 40,000 common shares
D) 4,000 common shares