Solar Components Incorporated has 50,000 shares of $2 par value common stock outstanding. Solar Components declares a 5% stock dividend on July 1 when the stocks market value is $12 per share. The stock dividend is distributed on July 20. The journal entry for the distribution of the stock dividend is:

• Account Title	Debit	Credit
  Retained Earnings	30,000
  Common Stock Dividend Distributable		30,000

• Account Title	Debit	Credit
  Common Stock, $2 Par Value	5,000
  Common Stock Dividend Distributable		5,000

• Account Title	Debit	Credit
  Common Dividend Payable	30,000
  Cash		30,000

• Account Title	Debit	Credit
  Common Stock Dividend Distributable	5,000
  Common Stock, $2 Par Value		5,000

• Account Title	Debit	Credit
  Common Stock Dividend Distributable	30,000
  Common Stock, $2 Par Value		30,000