Question 7 (7 points) Saved Green Corp. declares a 25% stock dividend to its shareholders on 2/10. On that date, the company had 800,000 shares issued, 700,000 of which were outstanding (100,000 were held in treasury). Green Corp. common stock has a par value of $1 and a fair market value of $88 Green Corp. distributed the stock the dividend to its shareholders on 2/28. On 3/15 Green Corp. declares a 3 for 1 stock split. What journal entry will Green Corp. record on 2/10, when the stock dividend is declared? Dr. Stock Dividends $15,400,000 Cr. Stock Dividend Distributable $175,000 Cr. APIC $15,225,000 Dr. Stock Dividends $17,600,000 Cr. Stock Dividend Distributable $200,000 Cr. APIC $17,400,000 Dr. Stock Dividends $15,400,000 Cr. Common Stock $175,000 Cr. APIC $15,225,000 Dr. Stock Dividends $61,600,000 Cr. Stock Dividend Distributable $700,000 Cr. APIC $60,900,000