Question 7 Not yet answered Marked out of 4.00 P Flag question The stockholders' equity section of Home Place displayed the following balances: Common Stock - $15 par value, 25,000 shares issued and outstanding $375,000 Paid-in Capital in excess of par value, common stock $5,140,000 Retained Earnings $4,140,000 The company declared a 10% stock dividend on a day when the stock's market value was $610 per share. The journal entry on this day will include: Select one: O a. A debit to Retained Earnings for $37,500 O b. A credit to Stock Dividends Distributable for $37,500 O c. A credit to Stock Dividends Distributable for $1,525,000 O d. A credit to Paid-in capital in excess of par value for $1,525,000