Weston Corporation owned 50,000 shares of Brandt Corporation, purchased in 2010 for $250,000. On December 20, 2013, Weston declared a property dividend of all of its Brandt Corporation shares on the basis of one share of Brandt for every 10 shares of Weston common stock held by its shareholders. The property dividend was distributed on January 10, 2014. On the declaration date, the aggregate market price of the Brandt Corporation shares held by Weston was $475,000. The entry to record the declaration of the dividend would include a debit to Retained Earnings (property dividends declared) of:

a) $ -0-

b) $225,000

c) $475,000

d) $250,000