The equity of Honey Co. at July 31, 2021 is presented below: 3,200,000 Share capital-ordinary, par value 20, authorized 400,000 shares; issued and outstanding 160,000 shares Share premium-ordinary Retained earnings 160,000 650,000 4,010,000 On August 1, 2021, the board of directors of Honey declared a 15% share dividend on ordinary shares, to be distributed on September 15th. The market price of Honey's ordinary shares was 35 on August 1, 2021, and 38 on September 15, 2021. What is the amount of the debit to retained earnings as a result of the declaration and distribution of this share dividend? (