Flower Bed Inc. has declared a 30% stock dividend on 400.000 shares of $5 par value common stock outstanding. Market price per common share on this date was $10. What is the amount of retained earnings capitalized with this transaction? a) $1, 200,000 b) $120,000 c) $600,000 d)There is not capitalization of retained earnings with this type of transaction. e) None of the above