The shareholder equity section of balance sheet as at December 31, 2018 for Wanda Inc. included the following (no cash dividends have been declared and paid in years 2017 and 2018): Accumulated other comprehensive income Common shares, 38,000 shares outstanding $10,000 $1,900,000 $25,000 Contributed surplus Preferred shares, non-cumulative, $3.60, 5.000 shares outstanding $600,000 Retained earnings $6,500,000 Additional information regarding Wanda Inc. during 2019 was made available: a. January 1: Issued 10,000 common shares in exchange for $740,000 cash. b. The 2019 net income totaled $1,080,000. c. September 30: Declared cash dividends at a total of $130,000. d. October 25: Paid cash dividends declared on September 30. e. November 30: Declared and distributed 2% stock dividends when the market was trading at $60 per share. f December 1: Paid $780,000 to repurchase and cancel 15.000 common shares that had been initially issued for $726,500. What is the effect of transaction e on the balance of Common Shares? Decreased by $57,600. Increased by $57,600. Increased by $45,600. Decreased by $45,600