Help Save&Eatt Smit 3 Global Corporation had 56.000 shares of $20 par value common stock outstanding on July t. Later that day the board of directors declared a 5% stock dividend when th, market value of each share was $24. The entry to record the dividend ded-ation Debit Retaned Eannings 567200c Cnmon Stock Dridend Destr butable $67200 Dese Retaned Earnings 556 000 cret Connon Sock Died d Ost utable $56.000