40. Crouch declares and distributes a 2 for 1 stock split that is not effected in the form of a 100% stock dividend (100 million shares) when the market value of the $1 par common stock is $12 per share. The following item is correct: a. no journal entry is needed b. The journal entry has a debit to retained earnings the journal entry has a credit to retained earnings d. the journal entry has a credit to stock at par e none of the above