Doe Corporation owned 1,000 shares of Spun Corporation. These shares were purchased in year 1 for $9,000. On December 15, year 1, Doe declared a property dividend of one share of Spun for every ten shares of Doe held by a stockholder. On that date, when the market price of Spun was $14 per share, there were 9,000 shares of Doe outstanding. What gain and net reduction in retained earnings would result from this property dividend? Gain Net reduction inretained earnings $0 $8,100 $12,600 $0 $4,500 $3,600 $4,500 $8,100