During fiscal $2013,$ Staniley Black & Decker Corporation reported Net income of $$490\mathrm{.}3$

million and paid dividends of $$307\mathrm{.}1$ million. Which of the following describes how these

transactions would affect Staniey Black and Decker's equity accounts? $($in millions$)$

Increase contributed capital by $$990\mathrm{.}3$ and devease earned capital by $$307\mathrm{.}1$

Increase contributed capital by $53038$

Increase earned capital by $$1833$

None of the above