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. $$\begin{array} { | l | r | } \hline \text { Common stock, } \$ 8 \text { par, } 100,000 \text { shares authorized, } 40,000 \text { shares issued } & \$ 320,000 \\\hline \text { Paid in capital in excess of par-common } & 150,000 \\\hline \text { Retained earnings } & \underline { 330,000 } \\\hline \text { Total stockholders' equity } & \$ 800,000 \\\hline\end{array}$$ What would be the balance in the Common Stock account after the issuance of a 10% stock dividend?

A) $300,000
B) $288,000
C) $352,000
D) $320,000