Pillsbury Company declares and distributes a 30% common stock dividend when it has 90,000 shares of $10 par common stock outstanding. The market price per share is $35 at the date of declaration. Which journal entry is prepared? O debit Retained Earnings $945,000, credit Paid-in Capital in Excess of Par-Common $945,000 debit Retained Earnings $945,000 and credit Common Stock $945,000 debit Retained Earnings $270,000 and credit Common Stock $270,000 O debit Retained Earnings $945,000, credit Common Stock $270,000 and credit Paid-in Capital in Excess of Par-Common $675,000