On January 1,ConcordCorporation had53000shares of $10 par value common stock outstanding. On March 17, the company declared a10% stock dividend to stockholders of record on March 20. Market value of the stock was $15on March 17. The stock was distributed on March 30. The entry to record the transaction of March 30 would include a

a. debit to Stock Dividends for $26500.

b. debit to Common Stock Dividends Distributable for $53000.

c. credit to Paid-in Capital in Excess of Par for $26500.

d. credit to Cash for $53000.