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On October 31, 2021, Indigo Corp. declared and issued a 12% common stock dividend. Prior to this dividend, Indigo had 330000 shares of $0.001 par

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On October 31, 2021, Indigo Corp. declared and issued a 12% common stock dividend. Prior to this dividend, Indigo had 330000 shares of $0.001 par value common stock issued and outstanding. The fair value of Indigo's common stock was $18.88 per share on October 31, 2021. As a result of this stock dividend, the company's total stockholders' equity did not change. decreased by $6230400. decreased by $6230070. increased by $330000

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