In January of 2016, SC, Inc. had 300,000 shares of common stock authorized, of which have been 200,000 issued, and 150,000 shares outstanding. The board of directors of SC, Inc. approved a 2% stock dividend in February, 2016. After the stock dividend is processed, which of the following is a false statement at the end of February, 2016? Authorized shares are now 306,000 There are now 153,000 shares outstanding The amount of shares issued is now 204,000 There is no income effect to the shareholders. The annual per share dividend requirement of a 5.0%, $100 per value preferred stock that was issued for $102 is