On September 1, Degier Corporation had 52,000 shares of $5 par value common stock, and $156,000 of retained earnings. On that date, when the market pnce of the stock ts th ber share, the corporation ssives a 2 for-1 stock sphlt. The general joumal entry to record this transition is: Musple choice No entry is made for this transtction Debar Hotained Eamings $780000 crear Cammon Sock $780,000 Dver Fictained Earrings 5790,000; Gedt Common Stock Sple Dectibutablo 5760.000 Dobn Aetainea Eartings 5260,000 , credit Common 5 tock 5260000 Dean fetained Eareinga \$260,000, credit Stock Spin Paysole 5260,000