On January 1, 2021, Swifty Corporation, declared a 10% stock dividend on its common stock when the fair value of the common stock was $ 28 per share. Stockholders' equity before the stock dividend was declared consisted of: Common stock, $10 par value, authorized 200,000 shares; issued and outstanding 115000 shares $ 1150000 Additional paid-in capital on common stock 148000 Retained earnings 747000 Total stockholders' equity $ 2045000 What was the effect on Swifty's retained earnings as a result of the above transaction? O $ 161000 decrease O $ 322000 decrease O $ 276000 decrease O $ 552000 decrease