on january 1,2019, susan inc. declared 15% stock dividend on its ordinary share when the market value of the share was $20 per share. Shareholder's equity before the stock dividends was declared consisted of :

ordinary shares, $10 par value, authorized 40,000 shares, issued 5,000 shares = $50,000

share premium = $200,000

retained earnings = $60,000

Total equity = $310,000

what happened to retained earnings as a result of the stock dividend?

indicate whether increase or decrease after the amount.