Minnick Corp. has 900,000 no par common shares authorized, of which 400,000 shares are outstanding. The average carrying value of the shares is $6 per share. When the market value was $10 per share, Miinick declared a 10% stock dividend. What entry, if any, should Minnick make to record this dividend declaration?

Stock Dividend Payable...................................		400,000
Common Stock Dividend Distributable...			400,000

Retained Earnings............................................		200,000
Common Stock Dividend Distributable...			200,000

No entry

Retained Earnings............................................		400,000
Common Stock Dividend Distributable...			400,000