On May 1, 2020, when the market value of Jay Ltd.'s common shares was $ 15 per share, the corporation had 100,000 no par value common shares issued and outstanding. On this day, Jay declared and issued a 15% common stock dividend. As a result of this stock dividend, Jay's total shareholders' equity

Select one:

a. increased by $ 225,000.

b. decreased by $ 225,000.

c. decreased by $ 15,000.

d. did not change.