answers please

True Technologies Ltd. has total assets of $2,125,000 and total liabilities and shareholders' equity of $2,125,000. Liabilities total $175,000, the common share balance is $1,200,000 and the retained earnings balance is $750,000. The number of common shares is 100,000 and the current fair value of a common share is $8. What would be the effect on common shares if a cash dividend of $0.50 was declared? there would be no impact on common shares the balance in the Common Shares account would increase by $50,000 the number of common shares would increase by 50,000 the balance in the Common Shares account would decrease by $50,000