On March $1$st$,$ the Fox Co$.$ declared a $40\%$ stock dividend on its $$1\mathrm{.}00$ par value common stock, of which $900,000$ shares were outstanding at the time. $$At the time of the stock dividend the market price was $$50$ per share.

Which of the following statements is correct?

Question $19$ options:

a$)$

Total owners' equity will increase by $$18,000,000.$

b$)$

PIC $-$ Excess Par $-$ CS will increase by $$17,640,000.$

c$)$

Retained Earnings will decrease by $$360,000.$

d$)$

B and C are correct.