On October 15, the stockholder's equity section of CAD Company was as follows: Common stock, par value $25; authorized 1,000,000 shares; issued and outstanding 300,000 shares Additional paid-in capital Retained earnings $ 7,500,000 1,400,000 1890,000 $10,790,000 On October 15, the board of directors of CAD C0, declared a 5% stock dividend on common stock, to be distributed on November 10, to shareholders of record on November 1. The market price of CAD Co.s common stock on each of these dates was as follows: October 15 $30 November1 31 November 10 32 What is the amount of the debit to retained earnings as a result of the declaration and distribution of this stock dividend? a. $375,000. b. $450,000. c. $465,000. d. $480,000. e. None of the above