Rick Co hed 32 million shares of $2 par common stock outstanding at January 1 2018 In October 2018, Rick Co's Board of Directors declared and distributed a 2% common stock dividend when the market value of its common stock was $55 per share. In recording this transaction, Rick would Mutiple Choice Debt retained earmings for $35 20 miltion Credt peid in captal-excess of par for $35 20in Credit common stock for $35 20 ii None of these answer choices are comect