A Company has 120,000 shares of $10 par value ordinary shares outstanding. During the year. The Company declared a 2096 share dividend when the market price of the stock was $55 per share. Four months later Hernandez declared a 5.75 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by 51,428,000. A $1,320,000..B O $1,350,000..CO $1,242.500..DO