V. Company has 200.000 shares of $10 par value ordinary shares outstanding. During the year V. Company declared a 3% share dividend when the market price of the shares was $48 per share. Two months later V. Company declared a $.60 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by: $544,800. AO $400.000 .B O $411,600. .co $696,800. DO