Black Raptor Inc. has retained earnings of $500,000 and total stockholders' equity of $2,000,000. It has 80,000 shares of $10 par value common stock outstanding, which is currently selling for $25 per share. What will occur if Black Raptor declares a 10% stock dividend on its common stock? Net income will decrease by $80,000. Retained earnings will decrease by $80,000 and total stockholders' equity will wil increase by $80,000. Retained earnings will decrease by $100,000 and total stockholders' equity will increase by $100,000. Retained earnings will decrease by $200,000 and total paid-in capital will increase by $200,000. Retained earnings will decrease by $300,000 and total stockholders' equity will increase by $300,000