On January 1, 2026, Culver 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 $15, the corporation declared a 15% stock dividend to be issued to stockholders of record on December 16, 2026. What was the impact of the 15% stock dividend on the total amount of the paid-in capital in the company? Select one: A. $82,500 decrease OB. $225,000 decrease OC. $225,000 increase OD. No effect Clear my choice

On January 1,2026 , Culver 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 $15, the corporation declared a 15% stock dividend to be issued to stockholders of record on December 16, 2026. What was the impact of the 15% stock dividend on the total amount of the paid-in capital in the company? Select one: A. $82,500 decrease B. $225,000 decrease C. $225,000 increase D. No effect Clear my choice