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Just berfore Soni, Inc., issued a 15 % stock dividend on November 1, the following data were collected: Retained Earnings $750,000 Shares Outstanding 10,000 Market

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Just berfore Soni, Inc., issued a 15 % stock dividend on November 1, the following data were collected: Retained Earnings $750,000 Shares Outstanding 10,000 Market value per share $15 Par value per share $ 5 Shares issued 12,000 The amount that retained earnings will increase (decrease) as a result of recording the stock dividend is ($22,500) $7,500 19,000) $0

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