Question 18 Swifty Corporation owned 18500 shares of Cullumber Company purchased in 2017 for $508750. On December 15, 2020, Swifty declared a property dividend of all of its Cullumber Company shares on the basis of one share of Cullumber for every 10 shares of Swifty common stock held by its stockholders. The property dividend was distributed on January 15, 2021. On the declaration date, the aggregate market price of the Cullumber shares held by Swifty was $920000. The entry to record the declaration of the dividend would include a debit to Retained Earnings of $0. $411250. $508750 $920000. Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used SUBMIT