41. Murphy Manufacturing declared a 10% stock dividend when it had 700,000 shares of $3 par value common stock outstanding. The market price per common share was $12 per share when the dividend was declared. The entry to record this dividend declaration includes a credit to a. Stock Dividends for $210,000. b. Paid-in Capital in Excess of Par for $840,000. c. Common Stock for $210,000. d. Common Stock Dividends Distributable for $210,000. 42. Nakamoto Corporation began business by issuing 400,000 shares of $5 par value common stock for $24 per share. During its first year, the corporation sustained a net loss of $100,000. The year-end balance sheet would show a. Common stock of $1,900,000. b. Common stock of $9,600,000. C. Total paid-in capital of $9,500,000. d. Total paid-in capital of $9,600,000