Silver Corp. declares a 15% stock dividend to its shareholders on 1/18. On that date, the company had 15,000 shares issued and 12,000 shares outstanding. Silver Corp. common stock has a par value of $0.50 and a fair market value of $12.75. Silver Corp. distributed the stock the dividend to its shareholders on 1/22. On 2/12 Silver Corp. declares a 2 for 1 stock split. ______________________ What journal entry will Silver Corp. record on 1/18, when the stock dividend is declared?

Dr. Stock Dividends $22,950.00 Cr. Stock Dividend Distributable $900.00 Cr. APIC $22.050.00

Dr. Stock Dividends $22,050.00 Cr. Stock Dividend Distributable $1,800.00 Cr. APIC $20,250.00

Dr. Stock Dividends $27,562.50 Cr. Stock Dividend Distributable $2,250.00 Cr. APIC $25,312.50

Dr. Stock Dividends $22,950.00 Cr. Stock Dividend Distributable $1,800.00 Cr. APIC $21,150.00