A corporation had 70,000 shares of $4 par value common stock outstanding. The board of directors declared and issued a 30% stock dividend. The market value of the stock was $25 per share. What is the journal entry to record this stock dividend? Multiple Choice Debit Retained Earnings and credit Common Stock for $525,000. Debit Retained Earnings for $525,000, credit Common Stock for $84,000, and credit Additional Paid-in Capital for $441,000. Debit Retained Earnings and credit Common Stock for $84,000. Debit Retained Earnings and credit Cash for $84,000. Debit Retained Earnings for $609,000, credit Common Stock for $84,000, and credit Additional Paid-in Capital for $525,000