Just Before Arugone Funeral Homes Inc The Amount That Total Equity Will Increase (Decrease)as a Result

Just before Arugone Funeral Homes Inc.issued a 10% share dividend on December 1,the following data were collected: $\begin{array}{|l|r|}\hline \text { Retained earnings } & \$ 650,000 \\\hline \text { Shares outstanding } & 10,000 \\\hline \text { Market value per share } & \$ 10 \\\hline \text { Par value per share } & \$ 4 \\\hline \text { Shares issued } & 11,000 \\\hline\end{array}$ The amount that total equity will increase (decrease) as a result of recording the share dividend is

A) $7,500
B) $(9,000)
C) $22,500
D) $(27,000)
E) $-0-