Davis Enterprises has 266,000 shares of $5 par value common stock outstanding. Davis declares a 40% stock dividend on March 2 when the stock's market value is $61 per share. The journal entry for the declaration of the stock dividend is: A) Account Title Debit Common Stock Dividend Distributable 532,000 Retained Earnings 532,000 B) Account Title D) Account Title Retained Earnings E) No journal entry is required for the declaration of a stock dividend. B A E D C