On January 1, 2020, Samsung Corporation has 400,000 shares of $4 par value common stock outstanding. On the same date, the corporation's board of directors declares a 30% stock dividend to be issue on March 2, 2020. On the declaration date, the corporation's common stock fair market value is $5. On declaration date, the corporation will record: * Debit Common Stock Dividend Distributable $360,000 Credit Common Stock Dividend Distributable $360,000 Debit Common Stock Dividend Distributable $480,000