Waterway Manufacturing declared a 10% stock dividend when it had 720000 shares of $3 par value common stock outstanding. The market price per common share was $13 per share when the dividend was declared. The entry to record this dividend declaration includes a credit to Paid-in Capital in Excess of Par for $720000. O Common Stock for $216000. O Common Stock Dividends Distributable for $936000. O Stock Dividends for $216000.