Ashe Corporation has 280,000 shares of $9-par common stock outstanding. They have declared a 8% stock dividend. The current market price of the common stock is $14/share. What is the amount that will be credited to Paid-in Capital in Excess of Par Common Stock on the date of declaration?
◦ $201,600
◦ $112,000
◦ $313,600
◦ $515,200