On January 1, Dole decla ed a 10% stock dividend on its common stock when the fair value of the com mon stock was $20 per share. Stockholders' equity before the stock dvidend was declared consisted of Common stock, $10 par value, authorized 200,000 shares $1,200,000 issued and outstanding 120,000 shares Additional paid-in capital on common stock Retained earnings Total stockholders' equity 150,000 $2,050,000 What was the effect on Doyle's retained earnings as a result of the above transaction? A. $120,000 decrease OB. $200,000 decrease C.$400,000 decrease D. $240,000 decrease