Eggers Inc. has retained earnings of $1,600,000 and total stockholders' equity of $4,000,000. It has 400,000 shares of $5 par value common stock outstanding, which is currently selling for $30 per share. If Eggers declares a 10% stock dividend on its common stock: 3. net income will decrease by $200,000. retained earnings will decrease by $200,000 and total stockholders' equity will increase by $200,000. retained earnings will decrease by $1,200,000 and total stockholders' equity will increase by $1,200,000. retained earnings will decrease by $1,200,000 and total paid-in capital will increase by $1,200,000. a. b. c. d