The Uptowner Has 6,000 Shares of Stock Outstanding with a Par

The Uptowner has 6,000 shares of stock outstanding with a par value of $1 per share and a market value of $12 per share.The balance sheet shows $6,000 in the common stock account,$58,000 in the capital in excess of par value account,and $32,500 in the retained earnings account.The firm just announced a 55 percent (large) stock dividend.What is the value of the common stock account after the dividend?

A) $7,000
B) $8,500
C) $9,300
D) $10,500
E) $14,000