common stock outstanding. On March $1,$ the company declared a $10\%$ stock dividend. The market value of the stock was $$15$ per share. The correct entry on March $1$ includes:

$$ A$)$ a credit to Stock Dividends for $$600,000.$

B$)$ a credit to Stock Dividends Distributable for $$600,000.$

C$)$ a credit to Stock Dividends for $$900,000.$

D$)$ a credit to Paid$-$in Capital in Excess of Par for $$900,000.$