XY Company had the following shareholder equity. Common shares outstanding. 10,000, average issue price, $115, current market price, $140. Shares sold on a stock subscription basis are not issued until the subscription price is collected in full. Recording a declaration of a 10 percent stock dividend in conformity with generally accepted accounting principles would change retained earnings: Multiple Choice 0 C ) On the basis of the market value of shares. 0 ) By 10 percent of its balance before the dividend. 0 C ) On the basis of an arbitrary value of shares 0 On the basis of the average paid in value of shares G