Nola Inc Declares a 10% Common Stock Dividend When It Has

Nola Inc. declares a 10% common stock dividend when it has 60000 shares of $10 par value common stock outstanding. If the market value of $24 per share is used the amounts debited to Stock Dividends and credited to Paid-in Capital in Excess of Par are: $\begin{array} { l c } &\text { Paid-in Capital in } \\\text { Stock Dividends } &\text { Excess of Par }\end{array}$
A) $\begin{array} { ll} & \$ 60,000 &&&&&& \$ 0 \\\end{array}$
B) $\begin{array} { l l } &\$ 144,000 &&&&& \$ 84,000 \\\end{array}$
C) $\begin{array} { l l } \$ 144,000 &&&&&& \$ 60,000 \\\end{array}$
D) $\begin{array} { l l } \$ 60,000 &&&&&& \$ 84,000\end{array}$