Eastline Corporation hed 11,000 shares of $10 par value common stock outstanding when the board of directors declared a stock dividend of 3,520 shares At the time of the stock dividend, the market value per share was $14. The entry to record this dividend is: Multiple Choice Debit Recaned Earmings $49.280, credit Common Stock DMdend Distributable $49,280 No entry is needed Deor Common Stock Dvidend Dissburale $49.280. credit Retsned Eamings $49 280 Deot Recained Esmings 5 5 4080 49280, credt Common Stock Drvidend Diseburabie $35,200. credit Paid-in Caoital in Excess of Par Value. Common Stock