M Wauboosie Company Has 280,000 Shares of $10 Par Value

M. Wauboosie Company has 280,000 shares of $10 par value common stock outstanding. During the year, M. Wauboosie declared a 5% stock dividend when the market price of the stock was $24 per share. Two months later M. Wauboosie declared a $.60 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by

A) $168,000.
B) $176,400.
C) $336,000.
D) $512,400.