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Happy Holiday, Inc. has 100,000 shares of common stock issued and outstanding, with a par value of $0.01 per share. They declared a 15% common stock dividend; market value is $12 per share. Which of the following is the correct journal entry to record the transaction? A) Debit Retained Earnings $180,000, credit Common Stock Dividend Distributable $150 and credit Paid-In Capital in Excess of Par-Common $179,850. B) Debit Retained Earnings $180,000 and credit Paid-In Capital in Excess of Par-Common $180,000. C) Debit Retained Earnings $180,000 and credit Cash $180,000. D) Debit Common Stock Dividend Distributable $150, debit Paid-In Capital in Excess of Par -Common $179,850 and credit Retained Earnings $180,000