Concord Corporation owned 907000 shares of Ivanhoe Company stock. On December 31, 2021, when Concord's account "Equity Investments (Ivanhoe Company") had a carrying value of $5 per share, Concord distributed these shares to its stockholders as a dividend. Concord originally paid $7 for each share. Ivanhoe has 5090000 shares issued and outstanding, which are traded on a national stock exchange. The quoted market price for a Ivanhoe share was $6 on the declaration date and $8 on the distribution date. What would be the reduction in Concord's stockholders' equity as a result of the above transactions? O $2721000 O $4535000 O $6349000 O $7256000