As of December 31, 2018, Warner Corporation reported the following: Dividends payable Treasury stock Paid-in capital-share repurchase Other paid-in capital accounts Retained earnings $ 29,000 690,000 29,000 4,900,000 3,900,000 During 2019, half of the treasury stock was resold for $258,000; net income was $690,000; cash dividends declared were $1,590,000; and stock dividends declared were $590,000. The 2019 sale of half of the treasury stock would: Multiple Choice 0 Reduce retained earnings by $58,000 0 Reduce income before tax by $87,000 0 Reduce retained earnings by $87,000 0 Increase total shareholders' equity by $345.000