A company originally issued 13,000 shares of $6 par value common stock at $12 per share. The board of directors declares a 12% stock dividend when the market price of the stock is $22 a share. Which of the following is included in the entry to record the declaration of a stock dividend?

A.

Stock Dividends is credited for $34,320.

B.

Stock Dividends is debited for $34,320.

C.

Paid-In Capital in Excess of

Parlong dashCommon

is credited for $18,720.

D.

Stock Dividends is debited for $18,720