On January $1,$ Sunland Corporation had $156000$ shares of $$10$ par value common stock outstanding. On March $17,$ the company declared a $16\%$ stock dividend to stockholders of record on March $20.$ Market value of the stock was $$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 $$249600.$

credit to Cash for $$249600.$

debit to Stock Dividends for $$74880.$

credit to Paid$-$in Capital in Excess of Par for $$74880.$