A corporation had 30,000 shares of $9 par value common stock outstanding. The board of directors declared and issued a 45% stock dividend. The market value of the stock was $28 per share. What is the journal entry to record this stock dividend? Multiple Choice Debit Retained Earnings and credit Common Stock for $378,000. Debit Retained Earnings and credit Cash for $121,500. Debit Retained Earnings for $378,000, credit Common Stock for $121,500, and credit Additional Paid-in Capital for $256,500. Debit Retained Earnings and credit Common Stock for $121,500