Taking advantage of the translucent status bar in Android 4.4 KitKat

When I released my note taking application for Android 4.0 - 4.3 I used a custom action bar color with a custom action bar icon (instead of using the standard light and dark action bars). I would like to make it so on Android 4.4, the status bar will also take on the custom color I am using in my Action Bar (which is #FFD060). Is there a way to easily change my current styles.xml to allow 4.4 to take advantage of this?

My styles.xml under my values-v19 folder is as follows:

<resources>

<style name="AppBaseTheme" parent="@android:style/Theme.Holo.Light">
   <item name="android:actionBarStyle">@style/MyActionBarTheme</item>
</style>

 <style name="MyActionBarTheme" parent="@android:style/Widget.Holo.Light.ActionBar">
     <item name="android:background">#ffd060</item>
     <item name="android:textColor">#fff</item>   
     <item name="android:icon">@drawable/action</item>
     <item name="android:titleTextStyle">@style/MyTextAppearance</item>
 </style>

 <style name="MyTextAppearance" parent="android:TextAppearance.Holo.Widget.ActionBar.Title">
     <item name="android:icon">@drawable/action</item>
     <item name="android:textColor">#ffffff</item>
 </style>
</resources>

I have tried to implement:

 <item name="android:windowTranslucentStatus">true</item>

It causes the contents of my application to move up, start in the status bar area and be covered by the Action Bar.