Ivanhoe Corp. owned $21200$ shares of Oriole Corp., which had been purchased in $2019$ for $$296800.$ On December $15,2023,$ Ivanhoe declared a property dividend of all of its Oriole Corp. shares. The property dividend was distributed on January $15,2024.$ On the declaration date, the fair value of Ivanhoe$$s investment in Oriole was $$400600.$ The entry to record the declaration of the dividend would include a debit to Retained Earnings of

Select answer from the options below

a$.$ $$296800.$

b$.$ $$400600.$

c$.$ $$0.$

d$.$ $$103800.$