Answer choices are listed in second photo!

Required information [The following information applies to the questions displayed below.) Gilligan Corporation was established on February 15, Year 1. Gilgan is authorized to issue 375,000 shares of $12 par value common stock. As of December 31, Year 3. Gilligan's stockholders' equity accounts report the following balances: Common stock, $12 par, 375,000 shares authorized, 37,500 shares innued and outstanding Paid in capital in excess of par - Connon $450,000 25.000 retained earnings Total stockholders' Equity $325,000 470.000 5995,000 At the end of Year 3, Gilligan decides to issue a 6% stock dividend. At the time of issue, the market price of the stock was $22 per share. Which of the following journal entries will be used to record the stock dividend? Multiple Choice 49,500 Retained earnings Comon stock Paid-in capital in excess of par value 27,000 22,500 Common 54,000 Common stock Retained earnings Paid-in capital in excess of par Value - Common 27,000 27,000 Dividenda Canh 59,700 59,700 Retained earnings Common stock 27,000 27,000