Winger Corporation owned 900,000 shares of Fegan Corporation stock. On December 31, 2018, when Winger's account "Equity Investments (Fegan Corporation") had a carrying value of $5 per share, Winger distributed these shares to 5,000,000 shares issued and outstanding, which are traded on a nat ex ional stock change. The quoted market price for a Fegan share was $7 on the declaration date and $9 on the distribution date. What would be the reduction in Winges stockholders' equity as a result of the above transactions? Select one O 1. $3,600,000 O 2, $4,500,000 3. $7,200,000 4, $8,100,000