On January 1 , Oriole Co, had total shareholders' equity as shown below when their shares were selling at $27 per share: Assume the company declared and issued a 50% stock dividend. The effect of this dividend would reduce retained earnings by $1904000 and double the number of shares issued and outstanding. leave total shareholders' equity unchanged but increase the number of shares issued and outstanding to 178500. increase common shares by $1190000 and shares issued and outstanding by 59500 . increase common shares by $1190000 with no change in the number of issued and outstanding shares