On December 31, 2022, when JR Corporation's shares were selling at $44 per share, its shareholders' equity accounts were as follows: Common shares (no par value) = 100,000 Shares Issues and outstanding = $2,700,000 Retained earnings (credit) = $4,450,000 A 100 percent stock dividend was declared and issued. The effect of this dividend on shareholder equity was: Common shares increased to $6,460,000. Common shares increased to $5,600,000. Total shareholders' equity did not change. Total shareholders' equity decreased.