On October 1, 2021, Chief Corporation declared and issued a 11% stock dividend. Before this date, Chief had 88,000 shares of $5 par common stock outstanding. The market price of Chief Corporation on the date of declaration was $10 per share. As a result of this dividend, Chief's retained earnings will: Multiple Choice O Increase by $96,800. O Decrease by $98,300. O Not change o Decrease by $96,800