Gibbs Corporation owned 20,000 shares of Oliver Corporation's $5 par value ordinary shares. These shares were purchased in 2009 for $110,000. On September 15, 2011, Gibbs declared a property dividend of one share of Oliver for every ten shares of Gibbs held by a shareholder. On that date, when the market price of Oliver was $6 per share there were 110.000 shares of Gibbs outstanding. What NET reduction in retained earnings would result from this property dividend? $55.000 A O $95,000. O $75,000.CO $85.000.DO