Pina Corporation owned $16200$ shares of Harper Corporation's $$5$ par value common stock. These shares were purchased in $2020$ for $$327240.$ On May $4,2022,$ Pina declared a property dividend of one share of Harper for every twenty shares of Pina stock held by a stockholder. On that date, when the market price of Harper was $$34$ per share, there were $302000$ shares of Pina outstanding. What net reduction in retained earnings would result from this property dividend? $($Round intermediate calculations of cross rate to $2$ decimal places e$.$g$.15\mathrm{.}25.)$