The shareholders' equity of Tara Ltd. at July 31, Y6 is presented below: Common shares, no par value, authorized 400,000 shares, issued and outstanding 200,000 shares....... $4,160,000 Retained earnings............................................. 2,650,000 Total shareholders' equity................................. $6,810,000 On August 1, Y6, the board of directors declared a 10% stock dividend, to be distributed on September 15. The market price of Tara's common shares was $35 on August 1 and $38 on September 15. What is the debit to retained earnings as a result of the declaration and distribution of this stock dividend? Question 11 options: $700,000 $200,000 $400,000 $760,000