Blossom Company owned 46000 shares of Bramble Corp.. These shares were purchased in 2014 for $368000. On November 15, 2018, Blossom declared a property dividend of one share of Bramble for every ten shares of Blossom held by a stockholder. On that date, when the market price of Bramble was $28 per share, there were 368000 shares of Blossom outstanding. What gain and net reduction in retained earnings would result from this property dividend? Gain Retained Earnings $736000 $736000 $0 110400 294400 294400 $1030400 $0