On July 1, Stubbs Corporation had 300,000 no-par-value common shares outstanding. On this day the board of directors declared a 5% share dividend. The fair market value of each share was $12. A possible entry to record this dividend is a Common Share Dividend Distributable 180,000 Share Dividend Declared 180,000 b Share Dividend Declared 180,000 Common Share Dividend Distributable 180,000 c Share Dividend Declared 180,000