[The following information applies to the questions displayed below.] Bacon Inc. has the following stockholders' equity section in its May 31, 2019, comparative balance sheets: May 31, 2019 April 30, 2019 $10,920,000 $10,920,000 Paid-in capital: Preferred stock, $140 par value, 6%, cumulative, 100,000 shares authorized, 78,000 shares issued and outstanding Common stock, $8 par value, 600,000 shares authorized, 440,000 and 420,000 shares issued, respectively Additional paid-in capital Retained earnings Less: Treasury common stock, at cost; 19,000 shares and 18,000 shares, respectively Total stockholders' equity ? 14,690,000 12,090,000 3,360,000 14, 180,000 11,814,000 (1,748,000) $ ? (1,728,000) $38,546,000 f-1. Assume that on June 1 the market value of the common stock was $40 per share and that the board of directors declared a 5% stock dividend on the issued shares of common stock. Use the horizontal model to show the issuance of the stock dividend. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative financial statement effect.)