On January $31,2020,$ Astrid Corp. purchased $5,000$ shares of Sienna Co$.$ common stock for $$15$ a share. Astrid accounts for the investment at fair value with adjustments to fair value recorded in net income. On March $15,2020,$ Astrid Corp. declared a property dividend of $3,000$ shares of Sienna Co$.$ common stock, to be distributed on March $31,2020.$ The shares of Sienna Co$.$ were selling at $$18$ per share on March $15,2020.$ The investment has not been adjusted to fair value since its purchase date.

On the date of declaration of the property dividend, the Astrid Corp. would:

Recognize a liability account of $$45,000.$

Recognize a decrease in assets of $$54,000.$

Recognize an increase in net income of $$9,000.$

Recognize a liability account of $$9,000.$

Group of answer choices

A

B

C

D