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On May 1, 2020, when the market value of Jay's common shares was 515 per share, the corporation had 100.000 no par value common shares

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On May 1, 2020, when the market value of Jay's common shares was 515 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 1) increased by $ 225,000. 2) decreased by $ 225,000. 3) decreased by $ 15,000. 4) did not change. 5) increased by $ 15,000

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