Michigan Steamers has 3,800 shares of $22 par value common stock outstanding. During the current year, the company distributed a 4% stock dividend. The market value of the stock at that time was $17 per share. Bailey's total stockholders' equity should increase or decrease by: $0. O $3,344 O $2,584 $(760). Question 16 2 pts Distribution of earnings to stockholders may be in the form of cash or stock. True False