Cash Dividends Declared on the No Par Value Common Shares

Short Answer

Cash dividends declared on the no par value common shares of Athens Corp.were as follows: The 4th quarter cash dividend was declared on December 20, 2017, to shareholders of record on December 31, 2017, to be paid on January 9, 2018.In addition, Athens declared a 10% common stock dividend on December 1, 2017, when there were 400,000 shares issued and outstanding, and the market value of the common shares was $16 per share.The shares were issued on December 21, 2017.
What was the effect on Athens' shareholders' equity accounts during 2017 as a result of the above transactions?