At the beginning of 2020, A Company has 90,000 shares of Common Stock outstanding with a par value of $2. On January 2, 2020, when the stock has a market price of $15 per share, the company declares a 10% stock dividend. The journal entry to record the dividend would include:

Credit to APIC common stock of $117,000

Credit to Retained Earnings of $150,000.

Debit to Retained Earnings of $150,000

Credit to Common stock of $10,000.