On May 1, 2021, Vaughn Manufacturing declared and issued a 10% common stock dividend. Prior to this dividend, Vaughn had 199000 shares of $1 par value common stock issued and outstanding. The fair value of Vaughn's common stock was $23 per share on May 1, 2021. As a result of this stock dividend, Vaughn's total stockholders' equity

A. decreased by $23000

B. decreased by $457700

C. increased by $457700

D. did not change