Sullivan Gulch Corporation Declared a Stock Dividend on November 1

Multiple Choice

Sullivan Gulch Corporation declared a stock dividend on November 1 and issued 18,000 shares of stock to its stockholders.Prior to the dividend,the balance in Retained Earnings was $1,700,000,the number of shares of $5 par value stock issued and outstanding was 120,000,and the market value of the stock was $12.This stock dividend will cause total stockholders' equity to:

A) remain unchanged.
B) increase by $90,000.
C) decrease by $216,000.
D) decrease by $126,000.