The stockholders' equity section of Jun Company's balance sheet as of Apri 1 follows. On April 2, Jun declares and distributes a 30% stock dividend. The stock's per-share market value on April 2 is $20 prior to the dividend.

The stockholder's equity section of Jun Company's balance sheet as of April 1.

Common stock-$5 par value, 375,000 shares authorized, 200,000 shares issued and outstanding.	$1,000,000
Paid-in capital in excess of par value, common stock.	600,000
Retained earnings	833,000
Total stockholders' equity	$2,433,000

The stock dividend distribution on April 2 is..

A) A small stock dividend

B) A large stock dividend

C) Cannot be decided

D) None of the above

The Distribution of stock dividend..

A) Increase retained earnings

B) Decrease retained earnings

C) Cause no change for retained earnings

D) None of the above