As of December 31,2021 , Warner Corporation reported the following: During 2022, half of the treasury stock was resold for $252,000; net income was $660,000; cash dividends declared were $1,560,000; and stock dividends declared were $560,000. The 2022 sale of half of the treasury stock would: Multiple Choice Reduce retained earnings by $78,000 Reduce retained earnings by $52,000 Increase total shoreholders' equily by $330,000 During 2022 , half of the treasury stock was resold for $252,000; net inc dividends declared were $560,000. The 2022 sale of half of the treasury stock would: Multiple Choice Reduce retained earnings by $78,000 Reduce retained earnings by $52,000 Increase total shareholders' equity by $330,000 Reduce income before tax by $78,000