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Risingstar Corporation currently has 128,000 shares outstanding of $1.00 par value common stock The stock was originally issued for $13.00 per share. On March 15,

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Risingstar Corporation currently has 128,000 shares outstanding of $1.00 par value common stock The stock was originally issued for $13.00 per share. On March 15, the board of directors declares a 1 1% stock dividend when the stock is selling for $18 00 per share which of the following is the correct oumal entry to record this transaction? (Do not round intermediate calculations.) A. debit Stock Dividends S253.440, credit Common Stock Dividend Distributable $14,080 and credit Paid-In Capital in Excess of Par O B. debit Stock Dividends $253,440 and credit Common Stock Dividend Distributable $253,440 C. debit Paid-In Capital in Excess of Par-Common S253 440 and credit Retained Earnings $253440 Common S239360 O D. debit Common Stock Dividend Distributable $14,080, debit Paid- In Capital in Excess of Par-Common for $239,360 and credit Retained Earnings $253,440

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