Not yet answered Question The stockholders' equity section of Mystic Mountain Co. displayed the following balances: Common Stock - $20 par value, 44,000 shares issued and outstanding $880,000 Paid-in Capital in excess of par value, common stock $5,140,000 Retained Earnings $4,140,000 The company declared an 8% stock dividend on a day when the stock's market value was $100 per share. The journal entry on this day will include: Select one: a. A credit to Paid-in capital in excess of par value for $352,000 b. A debit to Retained Earnings for $70,400 c. Acredit to Stock Dividends Distributable for $352,000 d. A credit to Stock Dividends Distributable for $70,400