On January 1, Sheffield Corporation had 61000 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 $14 on March 17. The stock was distributed on March 30. The entry to record the transaction of March 30 would include which of the following?

a. debit to Common Stock Dividends Distributable for $61000.

b. credit to Paid-in Capital in Excess of Par for $24400.

c. debit to Stock Dividends for $24400.

d. credit to Cash for $61000.