On September 1, Ziegler Corporation had 53,000 shares of $5 par value common stock, and $159,000 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: Debit Retained Earnings $795,000; credit Common Stock Split Distributable $795,000. Debit Retained Earnings $795,000; credit Common Stock $795,000. Debit Retained Earnings $265,000; credit Common Stock $265,000. Debit Retained Earnings $265,000; credit Stock Split Payable $265,000. No entry is made for this transaction