On January 1, Sly Corporation had 120,000 shares of $10 par value common stock outstanding. On March 17, the company declared a 18% stock dividend to stockholders of record on March 20. Market value of the stock was $13 on March 17. The stock was distributed on March 30. The entry to record the transaction of March 30 would include a debit to Common Stock Dividends Distributable for $216,000. credit to Paid-in Capital in Excess of Par for $64,800. debit to Stock Dividends for $64,800. credit to Cash for $216,000.