The Frederick Company has 100,000 shares of $5 par common stock outstanding. Management PAYS (not declares) a 10% stock dividend. The market value of a share of common stock was $32 immediately prior to the stock dividend declaration. The journal entry is: A. debit retained earnings, $320,000; credit stock dividend distributable, $10,000; credit paid in capital in excess of par, $310,000. B. debit retained earnings, $320,000; credit stock dividend distributable, $50,000; credit paid in capital in excess of par, $270,000. C. debit stock dividends distributable, $320,000; credit common stock, $320,000. D. debit stock dividends distributable, $50,000; credit common stock, $50,000.