Riverbed Corporation owned 16400 shares of Harper Corporation's $5 par value common stock. These shares were purchased in 2020 for $327344. On May 4,2022, Riverbed declared a property dividend of one share of Harper for every twenty shares of Riverbed stock held by a stockholder. On that date, when the market price of Harper was $35 per share, there were 305000 shares of Riverbed outstanding. What net reduction in retained earnings would result from this property dividend? (Round intermediote calculations of cross rate to 2 decimal places eg. 15.25.) $304390$164000$205750$533750