Question 7 (5 points) The shareholders' equity of Doug Co. on December 31, 2020 included the following: Common Stock (par $1) $ 900,000 Paid-in Capital - Excess of Par 15,800,000 Retained Earnings 20,000,000 On January 1, 2021, Doug declared and distributed a 4% stock dividend on common shares when the market price of its common stock is $21. Fractional share rights represented 2,000 equivalent whole shares. Cash was paid in lieu of the fractional share rights Identify the following items included in the journal entry to record the declaration and distribution of the stock dividend. Credit to Cash of $42,000 Credit to Paid-in Capital - Excess of Par $680,000 Debit to Retained Earnings of $756,000 Credit to Common Stock (par $1) of $34,000 Credit to Common Stock (par $1) of $76,000