Marigold corp. has 634000 shares of $10 par value common stock outstanding. during the year marigold declared a 13% stock dividend when the market price of the stock was $46 per share. two months later marigold declared a $0.60 per share cash dividend. as a result of the dividends declared during the year, retained earnings decreased by: $ 505000. $3791320. $ 429852. $4221172.
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