On September 1, 2020, Wood Co. declares 15% stock dividend on its 80,000 shares of $5 par value common stock outstanding, at that date the stock fair market value was $10. Total new number of outstanding shares after the issuance of stock dividend is: * o 92,000 shares 80,000 shares 68,000 shares 12,000 shares None of the above Common stock dividend distributable in the declaration date is: * Debit $120,000 Debit $60,000 Credit $60,000 Credit $120,000 None of the above Stock dividend amount is: * Debit $120,000 Debit $60,000 Credit $60,000 Credit $120,000 O None of the above