Charlie Corporation purchased $30,000$ shares of Bravo Converting for $$270,000$ in $2016.$ On October $30,2020,$ Charlie declares a property dividend in which one share of Bravo will be distributed for every ten shares of Charlie outstanding. At that time, market price of Bravo is $$28$ per share. If there are $270,000$ shares of Charlie outstanding, how much gain and net reduction in retained earnings does Charlie recognize?