The stockholders' equity of Marigold Corp. at July 31, 2021 is presented below: Common stock, par value $20, authorized 400,000 shares; issued and outstanding 163000 shares $3260000 Paid-in capital in excess of par 158000 Retained earnings 655000 $4073000 On August 1, 2021, the board of directors of Marigold declared a 14% stock dividend on common stock, to be distributed on September 15th. The market price of Marigold's common stock was $72 on August 1, 2021, and $78 on September 15, 2021. What is the amount of the debit to retained earnings as a result of the declaration and distribution of this stock dividend? O $1779960. $ 978000 $ 1186640 $1643040