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Remmers, Inc. declares a 10% common stock dividend when it has 20,000 shares of $24 par value stock issued and outstanding. If the market value

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Remmers, Inc. declares a 10% common stock dividend when it has 20,000 shares of $24 par value stock issued and outstanding. If the market value of the shares at the time of the dividend is $52 per share, the amounts debited to Retained Earnings and credited to Paid in Capital, respectively, are: $56,000; $48,000 $104,000 ; $56,000 $20,000; $48,000 $56,000; $56,000 *

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