On January $1,$ Coronado Corporation had $80700$ ordinary shares with a $10$ par value outstanding. On March $17,$ the company declared a $15\%$ share dividend to shareholders of record on March $20.$ The market value of the shares was $13$ on March $17.$ The entry to record the transaction of March $17$ would include a

$$ credit to Cash Dividends for $36315.$

credit to Ordinary Share Dividends Distributable for $121050.$

debit to Ordinary Share Dividends Distributable for $121050.$

credit to Cash for $157365.$