National Corporation had 30 million shares of $1 par common stock outstanding at January 1, 2022. In August 2022, National's Board of Directors declared and distributed a 1% common stock dividend when the market value of its common stock was $54 per share. In recordin this transaction, National would: Multiple Choice Credit paid-in capital-excess of par for $16.20 million. Credit common stock for $16.20 million. Debit retained earnings for $16.20 million. None of these answer choices are correct