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. $$\begin{array} { | l | r | } \hline \text { Common stock, } \$ 5 \text { par, } 100,000 \text { shares authorized, } 40,000 \text { shares issued } & \$ 200,000 \\\hline \text { Paid in capital in excess of par-common } & 120,000 \\\hline \text { Retained earnings } & \underline { 290,000 } \\\hline \text { Total stockholders' equity } & \$ 610,000 \\\hline\end{array}$$ What would be the total stockholders' equity after a 10% common stock dividend?

A) $656,000
B) $320,000
C) $610,000
D) $366,000