On June 30, 2013, Stephans Company Showed the Following Data

On June 30, 2013, Stephans Company showed the following data on the equity section of their balance sheet: On July 1, 2013, Stephans distributed a 5% stock dividend. The market value of the stock at that time was $13 per share. Following this transaction, what would be the new balance in the Common stock account?

A) $42,000
B) $26,000
C) $66,000
D) $246,000