Assume a $100 cash dividend is declared; 70% of the dividend is a liquidating dividend. Indicate the change in Retained Earnings and Additional Paid-in-Capital, respectively.

Select one:

a.Decrease $30, Decrease $70

b.Decrease $30, Decrease $100

c.Decrease $100, Decrease $70

d.Decrease $30, Decrease $30

e.Decrease $70, Decrease $70