On September 1, 2020, Wood Co. declares 12% stock dividend on its 80,000 shares of $5 par value common stock outstanding, at that date the stock fair market value was $7. Common stock dividend distributable in the declaration date is: * O Debit $67,200 O Debit $48,000 O Credit $67,200 Credit $48,000 O None of the above Stock dividend amount is: O Debit $67,200 O Debit $48,000 Credit $67,200 Credit $48,000 None of the above