D Question 22 3 pts Davis Enterprises has 250,000 shares of $5 par value common stock outstanding. Davis declares a 40% stock dividend on March 2 when the stock's market value is $64 per share. The journal entry for the declaration of the stock dividend is: Account Title Debit Credit Retained Earnings 500.000 Common Dividend Payable 500,000 O Account Title Debit Credit Common Stock Dividend Distributable 500.000 Retained Earnings 500,000 Account Title Debit Credit Retained Earnings 6,400.000 Common Stock Dividend Distributable 6,400,000 Account Title Debit Credit Retained Earnings 500,000 Common Stock Dividend Distributable 500,000 O No journal entry is required for the declaration of a stock dividend