A corporation had 30,000 shares of $10 par value common stock outstanding on January 1 . The board of directors declared a 10% stock dividend when the market value of each share was $15. The entry to record this dividend would include: debit retained earnings $45,000, credit common stock dividend distributable $45,000 debit retained earnings $45,000, credit cash $45,000 debit retained earnings $45,000, credit common stock dividend distributable $30,000, credit additional paid-in capital $15,000 debit retained earnings $30,000, credit common stock dividend distributable $30,000