Cloud Manufacturing declared a 10% stock dividend when it had 350,000 shares of $3 par value common stock outstanding. The market price per common share was $12 per share when the dividend was declared. The entry to record this dividend declaration includes a credit to

a. Paid-in Capital in Excess of Par for $315,000.

b. Stock Dividends for $105,000.

c. Common Stock for $105,000.

d. Common Stock Dividends Distributable for $420,000.