Eye Corp Owned 20,000 Shares of Lash Corp

Eye Corp. owned 20,000 shares of Lash Corp., which had been purchased in 2016 for $ 300,000. On December 15, 2020, Eye declared a property dividend of all of its Lash Corp. shares. The property dividend was distributed on January 15, 2021. On the declaration date, the fair value of Eye's investment in Lash was $ 400,000. The entry to record the declaration of the dividend would include a debit to Retained Earnings of

A) $ 0.
B) $ 100,000.
C) $ 300,000.
D) $ 400,000.