On October 1, 2013, Chief Corporation declared and issued a 14% stock dividend. Before this date, Chief had 83,000 shares of $5 par common stock outstanding. The market value of Chief Corporation on the date of declaration was $10 per share. As a result of this dividend, Chief's retained earnings will:

	Decrease by $116,200.
	Decrease by $117,200.
	Increase by $116,200.
	Not change.