On January 1, Hamblin Corporation had 120,000 shares of $10 par value common stock outstanding. On March 17 the company declared a 10% stock dividend to stockholders of record on March 20. Market value of the stock was $13 per share on March 17. The entry to record the transaction of March 17 would include a

Group of answer choices

debit to Common Stock Dividends Distributable for $120,000.

credit to Stock Dividends for $36,000.

credit to Cash for $156,000.

credit to Common Stock Dividends Distributable for $120,000.