21. Taida Corp. owned 20,000 shares of X Corp. purchased in 2016 for $240,000. On December 15, 2018, Taida declared aproperty dividend of all of its X Corp. shares on the basis of one share of X for every 10 ordinary shares of Taida held byits shareholders. The property dividend was distributed on January 15, 2019. On the declaration date, the aggregate marketprice of the X Corp shares held by Taida was $400,000. The entry to record the declaration of the dividend would include adebit to Retained Earnings of
(A) $0
(B) $160,000
(C) $240,000
(D)$400,000