23.On 28 February 2024, Xavier Ltd declared and distributed an 8% share dividend (bonus issue). At that date the entity's total share capital was $180 000, fully paid to $1. The market price of the shares on 28 February was $1.10. What is the effect of this dividend on Xavier Ltd's total shareholders' equity?

Group of answer choices

1.No effect

2.Increase of $14 400

3.Decrease of $14 400

4.an increase of $15 840