Zeman, Inc

Zeman, Inc. declares and distributes a 10% common stock dividend when it has 20,000 shares of $20 par value common stock outstanding. If the market value of the common stock is $30, the journal entry to record the stock dividend would include a:

A) credit to Common Stock $100,000.
B) credit to Common Stock $20,000.
C) credit to Paid-in Capital in Excess of Par-Common $20,000.
D) credit to Paid-in Capital in Excess of Par-Common $40,000.