a corporation declared and issued a 15% stock dividend on October 1. the following information was available immediately prior to the dividend:

retained earnings $800,000 shares issued and outstanding $65,000 market value per share $20 par value per share $5

the amount that contributed capital will increase (decrease) as a result of recording this stock dividend is:

a. $0 b. $195,000 c. $(48,750) d. $(195,000) e. $48,750