On January 1, Sly Corporation had 120,000 shares of $10 par value common stock outstanding. On March 17, the company declared a 15% stock dividend to stockholders of record on March 20. Market value of the stock was $13 on March 17. The entry to record the transaction of March 17 would include a

debit to Common Stock Dividends Distributable for $180,000.

credit to Cash for $234,000.

credit to Common Stock Dividends Distributable for $180,000.

credit to Stock Dividends for $54,000.