For each transaction below, indicate the dollar impact (if any) on the following five items: (1) total assets, (2) common stock, (3) paid-in capital in excess of par, (4) retained earnings, and (5) stockholders equity. (Each situation is independent.)

(d)Larkspur declares and distributes a property dividend. Larkspur gives one share of its equity investment (ABC stock) for every two shares of Larkspur Company stock held. Larkspur owns 10,000 shares of ABC. ABC is selling for $10per share on the date the property dividend is declared.

Equity Investments = $60,000

Common Stock ($5 par) = $19,700

Question: I have the decrease in assets/retained earnings/stockholders equity and no effect to common stock and paid-in capital in excess of par correct. However, my numbers for the former are incorrect. I have a decrease in assets of $7,880 and a decrease in retained earnings/stockholders equity of $19,700 respectively. I can't figure out why those numbers are incorrect. Please let me know how to proceed 0 thanks!