A corporation had 50,000 shares of $20 par value common stock outstanding. The board of directors declared and issued a 50% sock didend. The market value of the stock was $27 per share. What is the journal entry to record this stock dividend? O Debit Retained Earnings and credit Common Stock for $675,000. CO Debit Retained Earnings and credit Common Stock for $500,000. O Debit Retained Earnings and credit Cash for $675,000. Ono journal entry is made to record this stock dividend QUESTION 50 the amount of $190.000 P