Just before Arugone Funeral Homes Inc. issued a 10% share dividend on December 1, the following data were collected:

Retained earnings $650,000

Shares outstanding 10,000

Market value per share $10

Par value per share $4

Shares issued 11,000

The amount that total equity will increase (decrease) as a result of recording the share dividend is

a

$(9,000)

b

$7,500

c

$(27,000)

d

$-0-