Norris Company has the following capital structure: Common stock, $2 par, 200,000 shares issued and outstanding On October 1, 2020, the company declared a 50% common stock dividend when the market price of the common stock was $10 per share. The stock dividend will be distributed on October 15, 2020, to stockholders on record on October 10, 2020. Upon declaration of the stock dividend, Norris Company would record: A debit to Retained Earnings for $200,000 A. A credit to Dividends Payable for $200,000 B. A credit to Paid-in Capital in Excess of ParCommon Stock for $800,000 A debit to Retained Earnings for $1,000,000