Dora Enterprises has 300,000 shares of $1 par common stock outstanding. Suppose Dora Enterprises declares a 10% stock dividend when the market value of the stock is $35 per share. What journal entry should Dora Enterprises record for the declaration of the dividend? O Retained Earnings Common Stock Additional Paid in Capital O Retained Earnings Common Stock $1,050,000 $30,000 $1,020.000 $30.000 $30,000 O Retained Earnings Common Stock Additional Paid in Capital $1,050,000 $30,000 $7,500,000 O No journal entry is recorded, but par value is reduced. O No journal entry is recorded until the dividend is actually paid (distributed).