Question: On October 3 1 , 2 0 2 1 , Sarasota Corp. declared and issued a 1 2 % common stock dividend. Prior to this

On October 31,2021, Sarasota Corp. declared and issued a 12% common stock dividend. Prior to this dividend, Sarasota had 311000 shares of $0.001 par value common stock issued and outstanding. The fair value of Sarasota's common stock was $18.62 per share on October 31,2021. As a result of this stock dividend, the company's total stockholders' equity
increased by $311000.
decreased by $5790509.
decreased by $5790820.
did not change.
On October 3 1 , 2 0 2 1 , Sarasota Corp.

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