Bonita Mining Co. has retained earnings of $665500, accumulated depletion on its one mine of $1102500, and paid-in capital in excess of par of $3436000 at 12/31/2025. On January 1, 2026, Bonita's board of directors approves a liquidating dividend of $2.44 per share on its 500000 outstanding shares of stock. The journal entry for the dividend declarations would include Oa debit to Paid-in Capital in Excess of Par - Common Stock for $1220000. O a debit to Retained Earnings for $1220000. O a credit to Retained Earnings for $554500. O a debit to Paid-in Capital in Excess of Par - Common Stock for $554500.