On May 1, 2023, 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

Question 15Select one:

a.

increased by $225,000.

b.

did not change.

c.

decreased by $15,000.

d.

decreased by $225,000.