Stinson Corporation owned 10.000 shares of Matile Corporation. These shares were purchased in 2009 for $150,000. On November 15, 2011. Stinson declared a property dividend of one share of Matile for every ten shares of Stinson held by a shareholder. On that date, when the market price of Matile was $17 per share there were 150.000 shares of Stinson outstanding. What gain and net reduction in retained earnings would result from this property dividend? Gain Net Reduction in Retained Earnings $30,000 $150,000 Gain Net Reduction in Retained Earnings. O $30.000 $50,000 Cain Net Reduction in Retained Earnings.CO $30,000 $100,000 Net Reduction in Gain Retained Earnings.D $30,000 $110,000