The Following Items Appeared on the Financial Statements of Moore $\$ 100$

The following items appeared on the financial statements of Moore, Inc. on December 31, 2014: Common stock, $\$ 100$ par 4,000 shares authorized,
$\begin{array} { l r } 1,000 \text { shares issued and outstanding } & \$ 100,000 \\ \text { Retained earnings } & 685,000 \end{array}$

On September 10, 2014, when the market value of the Moore stock was $150, the company declared and distributed a 10% stock dividend. Indicate whether each of the following statements is true or false.
1. Total equity would not be affected by the stock dividend
2. Total paid-in capital would be $115,000 after the dividend had been distributed
3. Cash flow from financing activities would decrease by $15,000 as a result of the stock dividend
4. A stock dividend is an asset use transaction
5. Retained earnings would increase by $15,000 as a result of the stock dividend