A corporation declared and issued a 15% stock dividend on October 1. The following information was available immediately prior to the dividend Retained earnings 750,000, Shares issued and outstanding 60,000, Market value per share 15, Par value per share 5.

A corporation declared and issued a 15% stock dividend on October 1. The following information was available immediately prior to the dividend: Retained earnings Shares issued and outstanding Market value per share Par value per share 750,000 60,000 The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is