On June 30, Board of Directors of sandals Inc. declares and issues a 100% stock dividend on its $1 par value common stock. There are 40,000 shares issued at the time and 30,000 shares outstanding. The market price of the stock is $10. What is the journal entry to record the stock dividend O Debit stock dividend $300,000, credit common stock $300,000. O Debit stock dividend $40,000, credit common stock $40,000. Debit stock dividend $30,000, credit common stock $30,000. O Debit stock dividend $400,000, credit common stock $400,000.