On June 30, 2015, Stephans Company Showed the Following Data

On June 30, 2015, Stephans Company showed the following data on the equity section of their balance sheet: On July 1, 2015, Stephans declared and distributed a 5% stock dividend. The market value of the stock at that time was $13 per share. Following this transaction, how much would the total stockholders' equity be?

A) $1,340,000
B) $1,500,000
C) $1,260,000
D) $1,214,000