Question 11 of AMwing to the guestion prevent changes to this answer Question 11 4 points Save an The stockholders' equity of XYZ Company at September 30, 2020, is presented below Common Stock, par value 510, authorized 500,000 shares; 250.000 shares issued and outstanding $2 500,000 Paid in Capital in Excess of Par 500,000 Retained Earnings 1.500.000 $4.500.000 On October 1, 2020, the Board of Directors of XYZ declared a 30% stock dividend to be distributed on November 10. The market price of the common stock was $12 on October 1 and 14 on November 10 What is the amount of the charge to retained earnings as a result of the declaration and distribution of this stock dividend? 51.500.000 $900.000 5750 000 5000 000 $250.000