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Bramble Company has retained earnings of $$637000,$ common stock of $$805000,$ and total common stockholders equity of $$1610000.$ It has $115000$ shares of $$7$ par value common stock outstanding which is currently selling for $$20$ per share. If Bramble Company declares a $15\%$ stock dividend on its common stock, which of the following will occur?

Retained earnings will increase by $$345000$ and total paid$-$in capital will decrease by $$345000.$

Net income will decrease by $$345000.$

Retained earnings will decrease by $$345000$ and total paid$-$in capital will increase by $$345000.$

Retained earnings will decrease by $$345000$ and common stock will increase by $$345000.$

Attempts: $0$ of $1$ used