Ten, Ltd$.$ transferred to shareholders some ofits investments $($held$-$for$-$trading$)$ in securities costing$$1,750,000$ by declaring a property dividend onDecember $28,2018,$ to be distributed on January $30,2019,$ to shareholders of record on January $15,2019.$At the date of declaration. the securities have a fairvalue of $$2,100,000.$What is the deduction from theretained earnings to be reported?