The board of directors declares a10% stock dividend. There are 20,000 common shares authorized and 10,000 outstanding common shares. The current market price of the shares is$12 pershare; the average issue price was$10 per share. The entry to distribute the shares will require a debit to_______.

A.

common stock dividend distributable for $10,000

B.

common stock dividend distributable for $12,000

C.

retained earnings for $24,000

D.

common shares for