Aqaba Corporation owned 900,000 shares of Irbid Corporation. On December 31, 2019, when Aqabas account Investment in Irbid Corporation had a carrying value (cost) of JOD4 per share, Aqaba distributed these shares to its shareholders as a dividend. Irbid Corp. has 3,000,000 shares issued and outstanding, which are traded on a national stock exchange. The quoted market price for a Irbid share was JOD9 on the declaration date and JOD7 on the distribution date. What would be the reduction in Aqabas equity as a result of the above transactions