Gilligan Corporation was established on February 15, Year 1 Gilligan is authorized to issue 600,000 shares of $15 par value common stock. As of December 31 Year 3 Gilligan's stockholders' equity accounts report the following balances: Common stock, 515 par, 680,000 shares authorized 60,000 shares issued and outstanding Paid in capital in excess of par Coron Retained earnings Total stockholders' Equity $900,00 120,000 $1,020,000 605,000 $1,625,000 At the end of Year 3. Gilligan dec $28 per share ssue a 5% stock dividend At the time of issue, the market price of the stock was Which of the following journal entries vised to record the stock dividend? Multiple Choice 34.000 Paid in capital le CES of par value 45,000 19.000 Multiple Choice 84,000 Retained earnings Common stock Paid-in capital in excess of par value - Common 45,000 39,000 Retained earnings Common stock 45,000 45,000 90,000 Comon stock Retained earnings Paid in capital in excess of par value = Common 45,000 45,000 81,250 Dividends Cash 81,250