During 2022. half of the treasury stock was resold for $246,000; net income was $630,000; cash dividends declared were $1.530,000; and stock dividends declared were $530,000. The 2022 sale of half of the treasury stock would: Multiple Choice Increase total shareholders' equity by $315,000 Reduce retained earnings by $69.000 Reduce retained earrings by $46,000 Heduce income before tax by S9,00 As of December 31, 2021. Warner Corporation reported the following: Cash dividends payable Treasury stock Paid-in capital-share repurchase Common stock and other paid-in capital accounts Retained earnings $ 23,000 630, eee 23, eee 4,300,eee 3,3ee, eee During 2022, half of the treasury stock was resold for $246,000; net income was $630,000; cash dividends declared were $1.530,000, and stock dividends declared were $530,000. The 2022 sale of half of the treasury stock would: Multiple Choice Increase total shareholders' equity by $315.000 Reduce retained earnings by $69,000 O Reduce retained earnings by $46,000 Reduce income before tax by $69,000