D. $200,000 22. Stock options do not affect the calculation of: A. None is correct B. Diluted EPS C. The numerator in the diluted EPS fraction. D. The denominator in the diluted EPS fraction. 23. On October 1, 2011, Chief Corporation declared and issued a 10% stock dividend. Prior to this date, Chief had 80,000 shares of $1 par common stock outstanding. The market value of Chief Corporation on the date of declaration was $5 per share. As a result of this dividend, Chief's retained earnings will: A. Decrease by $80,000 B. Decrease by $40,000 C. Not change D. Increase by $80,000 24. Lucia Ltd, reported net income of $135.000 for the year ended December 31, 2009. January