Frodo Baggins & Company, a family-owned corporation, prepares its financial statements in accordance with US GAAP. In 2022, the company declared and distributed a property dividend from its overstocked inventory instead of declaring its usual cash dividend. The inventory's book value was less than its fair value on the declaration date. The proper accounting treatment is to recognize other comprehensive income disclose the difference in a footnote. Nothing further is necessary. increase an additional paid-in capital account recognize a gain and report it in net income