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Marigold Corp. owned B92000 shares of Ivanhoe Company stock. On December 31, 2021, when Marigold's account Equity Investments (Ivanhoe Company) had a carrying value of

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Marigold Corp. owned B92000 shares of Ivanhoe Company stock. On December 31, 2021, when Marigold's account Equity Investments (Ivanhoe Company") had a carrying value of $5 per share, Marigold distributed these shares to its stockholders as a dividend. Marigold originally paid $8 for each share. Ivanhoe has 4970000 shares issued and outstanding, which are traded on a national stock exchange. The quoted market price for alvanhoe share was $7 on the declaration date and $9 on the distribution date What would be the reduction in Marigold's stockholders equity as a result of the above transactions? $8028000 $4460000 $3568000 $7136000

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