Jackie Company has 490,000 shares of $10 par value common stock outstanding. During the year Jackie declared a 10% stock dividend when the market price of the stock was $32 per share. Three months later Jackie declared a $.60 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by a. $323,400 b. $1,891,400 c. $49,000 d. $1,568,000