14. Jackie Company has 490,000 shares of $10 par value common stock outstanding. During the year Masterson declared a 10% stock dividend when the market price of the stock was $32 per share. Three months later Masterson declared a $.60 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by a. $ 49,000 b. $ 1,568,000 c. $ 323,400 d. $ 1,891,400