On September 1, Ziegler Corporation had 50,000 shares of $5 par value common stock, and $1,500,000 of retained earnings. On that date, when the market price of the stock is $15 per share the corporation issues a 2-for-1 stock split. The general journal entry to record this transaction is: Multiple Choice Debit Retained Earnings 5750,000, credit Common Stock Split Distributable $750,000 o o Debit Retained Earnings $750,000 credit Common Stock $750,000 O Debit Retained Earnings $250.000, credit Common Stock $250,000 o O Debit Retained Earnings $250.000, credit Stock Split Payable $250.000 O ) No entry is made for this transaction