On January $1.2026,$ Ivanhoe Corporation had $119000$ shares of its $$5$ par value common stock outstanding. On June $1,$ the corporation acquired $10300$ shares of stock to be held in the treasury. On December $1,$ when the market price of the stock was $$15,$ the corporation declared a $14\%$ stock dividend to be issued to stockholders of record on December $16.2026.$ What was the impact of the $14\%$ stock dividend on the balance of the retained earnings account?

$$228270$ decrease

No effect

$$249900$ decrease

$$83300$ decrease

$$ Attempts: $0$ of $1$ used $$