As of December 31, 2024, Yan Xiong Corporation reported the following: During 2025, half of the treasury stock was resold for $248,000; net income was $640,000; cash dividends declared were $1,540,000; and stock dividends declared were $540,000. The 2025 sale of half of the treasury stock would: Muriple Choice reduce retained earnings by $72,000 feduce retained earnings by $48,000 increase total shanoholders equity by $320,000. Multiple Choice reduce retained earnings by $72,000. reduce retained earnings by $48,000. increase total shareholders' equity by $320,000. reduce income before tax by $72,000