Rick Co. had 20 million shares of $2 par common stock outstanding at January 1, 2021. In October 2021, Rick Co.'s Board of Directors declared and distributed a 2% common stock dividend when the market value of its common stock was $59 per share. In recording this transaction, Rick would: Multiple Choice Credit common stock for $23.60 million. None of these answer choices are correct. Debit retained earnings for $23.60 million. O Credit paid-in capital-excess of par for $23.60 million