Oriole Company owned 903000 shares of Sandhill Costock, On December 31, 2021, when Oriole's account Equity Investments (Sandhill Co.) had a carrying value of $5 per share, Oriole distributed these shares to its stockholders as a dividend. Oriole originally paid $8 for each share. Sandhill has 5030000 shares issued and outstanding, which are traded on a national stock exchange. The quoted market price for a Sandbill share was $7 on the declaration date and $9 on the distribution date What would be the reduction in Oriole's stockholders equity as a result of the above transactions? $3612000 $4515000 58127000 $7224000