Pearl Company had 100,000 shares of $20 par value common stock outstanding on March 1. On April 25 when the market value per share was $29, the company declared a 40% stock dividend to stockholders of record on May 28. The stock was distributed on June 18. The entry to record the declaration on April 25 would include a Credit to Common Stock $90,000 Credit to Common Stock Dividend Distributable $90,000. Debit to Common Stock Dividend Distributable $800,000 Debit to Retained Earnings $800,000