Question 11 On January 1, 2020, Cortez inc. declares a property dividend that will distribute equipment to it shareholders. The equipment is recorded in the books at $150,000 and accumulated depreciation for the equipment is $105,000. The equipment is determined to have a fair value of $60,000. Which of the following will NOT be included in the journal entries on the date of declaration of the property dividend? DRAsset \$ 15,000 DR Retained Earnings $60,000 CR Gain on Disposal \$ 15,000 CR Property Dividends Payable $60,000 ALL of the above are included in the journal entries