fecember $31,2024,$ Yan Xiong Corporation reported the following:

ash dividends payable reasury stock

aid$-$in capital$-$share repurchase

$$20,000$

$600,000$

$20,000$

$4,000,000$

$3,000,000$

ing $2025,$ half of the treasury stock was resold for $$240,000$; net income was $$600,000$; cash dividends declared were $$1,500,000$; and stock div lared were $$500,000.$

$2025$ sale of half of the treasury stock would:

Multiple Choice

reduce retained earnings by $$60,000.$

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