Sheffield Corp. has 560000 shares of $10 par value common stock outstanding. During the year, Sheffield declared a 14% stock dividend when the market price of the stock was $28 per share. Four months later Sheffield declared a $0.50 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by O $1097600. O $392000. O $431200. O $2514400.