06:10 PM Remaining: 26 min Question 3 Swifty Corporation has 628000 shares of $10 par value common stock outstanding. During the year Swifty declared a 13% stock dividend when the market price of the stock was $48 per share. Two months later Swifty declared a $0.40 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by: $ 283856. $3918720. $ 502000 $4202576. Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used SUBMIT