Marigold corp. has 634000 shares of $10 par value common stock outstanding. during the year marigold declared a 13% stock dividend when the market price of the stock was $46 per share. two months later marigold declared a $0.60 per share cash dividend. as a result of the dividends declared during the year, retained earnings decreased by: $ 505000. $3791320. $ 429852. $4221172.

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?