When there were $500,000$ authorized shares of $$12$ par value common stock, $65,000$ shares issued, and $50,000$ shares outstanding, and the market price was $$14$ per share, Your Company issued a $10\%$ stock dividend. What was the entry to retained earnings when this transaction is recorded?

$$91,000$ credit

$$70,000$ debit

$$91,000$ debit

$$70\mathrm{.}000$ credit

$$78,000$ debit