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Use the following infomation to answer the next 10 questions: A company issued 100,000 shares of $1 par value stock for $25 per share. Subsequently, the company declared and paid a $3 (per share) stock dividend. On the date the dividend was declared the market price of the shares is $50 per share. 1. What is the effect of the dividend on the number of shares outstanding? a. The number increased b. The number decreased C. The number remained the same d. None of the above 2. Refer to the previous question By what amount did the number of shares outstanding change, if at all? (If the account balance or amount did not change, state your answer as "$0.") 3. What is the effect of the dividend on Retained Earnings? a. Retained earnings increased b. Retained earnings decreased c. Retained earnings remained the same d. None of the above 4. Refer to the previous question By what amount did Retained Earnings change, if at all? (If the account balance or amount did not change, state your answer as $0.") 5. What is the effect of the dividend on Common Stock? a. Common Stock increased b. Common Stock decreased C. Common Stock remained the same d. None of the above 6. Refer to the previous question By what amount did Common Stock change, if at all? (If the account balance or amount did not change, state your answer as "$0.") 7. What is the effect of the dividend on Paid-in Capital? a. Paid-in Capital increased b. Paid-in Capital decreased c. Paid-in Capital remained the same d. None of the above 8. Refer to the previous question By what amount did Paid-in Capital change, if at all? (If the account balance or amount did not change, state your answer as "$0.") 9. What is the effect of the dividend on total equity and total assets? a. Total equity increased and total assets decreased b. Total equity increased and total assets increased C. Total equity decreased and total assets decreased d. Total equity decreased and total assets increased e. None of the above 10. Refer to the previous question. By what amount did total equity and total assets change, if at all? (If the account balance or amount did not change, state your answer as "$0.")