Alpha Company is paying a $1.50 per share dividend today. There are 200,000 shares outstanding with a par value of $1 per share. As a result of this dividend, the:

retained earnings will decrease by $300,000.

retained earnings will decrease by $150,000.

common stock account will decrease by $300,000.

common stock account will decrease by $150,000.

capital in excess of par value account will decrease by $150,000.