A company has 80,000 shares issued and outstanding, with an average issue price of $25 per share. At a time when the market price of the share is $38, the company declares a stock dividend of 15%. How will this transaction be recorded? No Entry Debit Share Dividends for $456,000, credit Share Dividends Distributable for $456,000. Debit Share Dividends Distributable for $456,000, credit Common Shares for $456,000. Debit Share Dividends for $300,000, credit Share Dividends Distributable for $300,000