Marigold Inc. has retained earnings of $$760000$ and total stockholders' equity of $$1920000.$ It has $302000$ shares of $$5$ par value common stock outstanding, which is currently selling for $$32$ per share. If Land declares a $10\%$ stock dividend on its common stock:

retained earnings will decrease by $$966400$ and total stockholders' equity will increase by $$966400.$

net income will decrease by $$151000.$

retained earnings will decrease by $$151000$ and total stockholders' equity will increase by $$151000.$

retained earnings will decrease by $$966400$ and total paid$-$in capital will increase by $$966400.$