9 Eastline Corporation had 16,500 shares of $5 par value common stock outstanding when the board of directors declared a stock dividend of 5445 shares. At the time of the stock dividend the market value per share was $15. The entry to record this dividend is. 8 00:22 Multiple Choice O Debit Common Stock Dividend Distrbutable $81675 credit Retained Earings $81,675 O Debit Retained Earnings $27.225 credit Common Stock Dividend Distributable $27225 No entry is needed Debe Retained Earrings $21676, crest Common Stock Dividono obezbi S6LETS. Multiple Choice O Debit Common Stock Dividend Distributable $81675; credit Retained Earnings $81,675. Debit Retained Earnings $27.225;credit Common Stock Dividend Distributable $27.225 No entry is needed. Debit Retoined Earnings 581675, credit Common Stock Dividend Distributable $81,675 Debt Retained Earnings 581.675. credit Common Stock Dividend Distributable $27.225. credit Pald-in Capital in Excess of: Par Volue. Common Stock $54,450