The stockholders equity section of Judson Company showed the following:

Common Stock - $5 par value, 60,000 shares issued and outstanding

$300,000

Contributed Capital in excess of par value, common stock

900,000

Retained Earnings

800,000

Judson declared a 10% stock dividend on a day when the market value of the stock was $15 per share. The stock dividend will:

Select one:

A. Decrease Retained Earnings by $300,000

B. Increase Total Contributed Capital by $90,000

C. Increase Common Stock by $100,000

D. Increase Contributed Capital in excess of par value, Common Stock by $60,000