Alpha Company is paying a $1.50 per share dividend today. There are 200,000 shares outstanding with a par value of $1 per share. As a result of this dividend, the:
retained earnings will decrease by $300,000.
retained earnings will decrease by $150,000.
common stock account will decrease by $300,000.
common stock account will decrease by $150,000.
capital in excess of par value account will decrease by $150,000.