Atkins Company had 20,600 shares of $5 par value common stock outstanding prior to declaring a 10% common stock dividend. The market value of the common stock on the declaration date was $11. Which of the following statements correctly describes the effect of the common stock dividend?a. Retained earnings decreased $10,300.b. Total stockholders' equity decreased $10,300.c. Total stockholders' equity decreased $22,660.d. Retained earnings decreased $22,660.