On January 1, 2018, Coronado Industries had 124000 shares of its $5 par value common stock outstanding, On June 1, the corporation acquired 9300 shares of stock to be held in the treasury. On December 1, when the market price of the stock was $14, the corporation dedared a 14% stock dividend to be issued to stockholders of record on December 16, 2018. What was the impact of the 14% stock dividend on the balance of the retained earnings account? O No effect $224812 decrease O $243040 decrease O $86800 decrease