Ayayai Corporation owned 16000 shares of Cullumber Corporation. These shares were purchased in 2022 for $136000, On November 15, 2026. Ayayai declared a property dividend of one share of Cullumber for every ten shares of Ayayai held by a stockholder. On that date. when the market price of Cullumber was $27 per share, there were 136000 shares of Ayayai outstanding What gain and net reduction in retained earnings would result from this property dividepd? Netreauction in Retained Earnings $0 $367200 $0 $115600 $251600 $115600 $251600 $33000 Ayayai Corporation owned 16000 shares of Cullumber Corporation. These shares were purchased in 2022 for S136000, Oi November 15, 2026, Ayayai declared a property dividend of one share of Cullumber for every len shares of Ayarai held by a stockholder. On that date, when the market price of Cullumber was $27 per share, there were 136000 shares of Ayayai outstanding. What gain and net reduction in retained earnings would result from this property dividend? $251600$251600$115600$33000