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The stockholders' equity section of Home Place displayed the following balances: Common Stock - $15 par value, 25.000 shares issued and outstanding $375.000 Paid-in Capital

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The stockholders' equity section of Home Place displayed the following balances: Common Stock - $15 par value, 25.000 shares issued and outstanding $375.000 Paid-in Capital in excess of par value, common stock $5,140,000 Retained Earnings $4,140,000 The company declared a 10% stock dividend on a day when the stock's market value was $610 per share. The journal entry on this day will include: Select one: a. A credit to Stock Dividends Distributable for $37,500 b. A credit to Paid-in capital in excess of par value for $1,525,000 O C. A credit to Stock Dividends Distributable for $1.525,000 O d A debit to Retained Earnings for $37,500

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