A company originally issued 18,000 shares of $8 par value common stock at $12 per share. The board of directors declares an 10% stock dividend when the market price of the stock is $25 a share. Which of the following is included in the entry to record the declaration of a stock dividend?

A. Common Stock $8 Par Value is credited for $43,200.

B. Stock Dividends is debited for $45,000.

C. Stock Dividends is debited for $22,500.

D. Common Stock is credited for $45,000.