Eastline Corporation hod 12,000 shares of $10 par value common stock outstanding when the board of directors declared a stock dividend of 4,080 shares. At the time of the stock dividend, the market value per share was $16. The entry to record this dividend is: Multiple-Choice: Debit fietained Earnings 540,800 , credit Common 5 tock Divideno Dairbutable $40.800 No eotry is needed Deba Commion \$1ock OWidend Distributobie \$65,280: credt Retained Eacnings 565.280 Debt Betaned Earnings 565,280, credt Common 5tock Dydeng Dutributable 565,280