On January 1, 2015, VITO Corporation had 110,000 shares of its $5 par value common stock outstanding. On June 1, the corporation acquired 10,000 shares of stock to be held in the treasury. On December 1, when the market price of the stock was $10, the corporation declared a 20% stock dividend to be issued to stockholders of record on December 20, 2015. What was the impact of the 20% stock dividend on the balance of the retained earnings account? O $1,100,000 decrease O $200,000 decrease O $200,000 increase O No effect QUESTION 10 1 points Save Ne DunkinBucks Corporation has 250,000 $2 par shares outstanding on 12/31/15. On 1/1/16 the company declares a 40% sock duidend when the stock price is $40 The deribution date is 3/1/16. Prepare the journal entry to be recorded on 1/1/16 for the dividend dedaren Note: For each no item of the journal entry write whether it is a Dr or Cr, the account name, and amount For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mad BIS Paragraph 3 Arial M 14px www