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A company has 501,000 shares of $10 par value common stock outstanding. During the year, the company declared a 12% stock dividend when the market

A company has 501,000 shares of $10 par value common stock outstanding. During the year, the company declared a 12% stock dividend when the market price of the stock was $30 per share. As a result of the dividend declared during the year, retained earnings decreased by (if r/e is not affected, then enter 0):

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