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Green Acres Corporation was established on May 24, 2020. Mayberry is authorized to issue 500,000 shares of $2.00 par value common stock. At December 31,

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Green Acres Corporation was established on May 24, 2020. Mayberry is authorized to issue 500,000 shares of $2.00 par value common stock. At December 31, 2020, Green Acres had 100,000 shares issued & outstanding and Paid-in Capital of $1,800,000. On January 3, 2021, Green Acres declared a 15% stock dividend. At that time the common stock was trading for $19/share. Which of the following would be included in the journal entry to record the declaration and payment of the stock dividend? Multiple Choice O Stock Dividends is debited for $30,000 O Common Stock is credited for $30,000 o Additional Paid in Capital is credited for $285,000 o o Cash Dividends is debited for $30,000

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