Happy Holiday , Inc. has 100,000 shares of common stock issued and outstanding with a par value of $0.01 per share. They declared a 15% common stock dividend; market value is $12 per share. Which of the following is the correct journal entry to record the transaction? A) Debit Retained Earnings $180,000, credit Common Stock Dividend Distributable and credit Paid-In Capital in Excess of Par-Common $179,850 B) Debit Retained Earnings $180,000 and credit PaidIn Capital in Excess of Par-Common $180,000 . Debit Retained Earnings $180,000 and credit Cash 180,000. D) Debit Common Stock Dividend Distributable 150, debit Paid-In Capital in Excess of Par --Common $ 179,850 and credit Retained Earnings 180,000