A company originally issued 16,000 shares of $8 par value common stock at $10 per share. The board of directors declares a 15% 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 debited for $24,000.

B. Paid In Capital in Excess of Par Common is credited for $24,000.

C. Stock Dividends is credited for $52,800.

D. Stock Dividends is debited for $52,800.