A corporation declared and issued a 25% stock dividend on October 1. The following information was available immediately prior to the dividend: Retained earnings $680,000 Shares issued and outstanding 53,000 Market value per share $22 Par value per share $5 The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is: $(66,250).

$0.

$(291,500).

$291,500.

$66,250.