On January 31, Yoar 2 Village Bank hod 560,000 shares of $2 par value common stock outstanding. On that date, the company declared a 13% stock dividend when the market price of the stock was $44 per share. The immediate effect of this dividend upon Village Bank was: Multiple Choice A reduction in retained earnings of $3,203,200 Alability to the stockholders of 5145.600 A reduction in cash of $3,203,200 A reduction in retained earnings of S145,600