Monroe Inc.'s stockholders' equity section of its balance sheet indicated the following balances: Common Stock - $18 par value, 14,000 shares issued and outstanding Paid-in Capital in excess of par value, common stock Retained Earnings $252,000 $4,200,000 $3,400,000 The company declared a 5% stock dividend on a day when the stock's market value was $600 per share. The journal entry on this day will include: Select one: a. A credit to Stock Dividends Distributable for $12,600 TAlt + A) b. A credit to Stock Dividends Distributable for $420,000 C. A credit to Paid-in capital in excess of par value for $420,000 d. A debit to Retained Earnings for $12,600