Southeast Co$.$ has $700,000$ authorized shares of $$2$ par value common stock. The company issued $360,000$ shares and has additional paid$-$in capital$-$in$-$excess of par value of $$1,280,000.$ The company does not have any

treasury stock. Southeast Co$.$ declared a $15$ percent stock dividend when the stock was selling for $$10$ per share.

By how much should the Additional Paid$-$in$-$Capital account increase as a result of the stock dividend:

Select one:

a$.$ $$540,000$

b$.$ $$432,000$

c$.$ $$324,000$

d$.$ $$108,000$