1. A companys stock is trading at $10 per share has 1,000 shares of $0.50 par common stock outstanding when the board of directors declares a 30% common stock dividend. Which of the following is true when recording the stock dividend
   1. Treasury stock is debited for $150
   2. Additional paid in capital is credited for $2,850
   3. Retained earnings is debited for $150
   4. Common stock is debited for $3,000