On October 1, 2017, Kraken Corporation declared and issued a 10% stock dividend. Prior to this date, Kraken had 80,000 shares of $5 par common stock outstanding. The market price of Kraken Corporations common stock on the date of declaration was $10 per share. As a result of this dividend, Krakens retained earnings will: A) Increase by $80,000. B) Not change. C) Decrease by $40,000. D) Decrease by $80,000.