On January 1 Sly Corporation Had 120000 Shares of $10

On January 1 Sly Corporation had 120000 shares of $10 par value common stock outstanding. On March 17 the company declared a 18% stock dividend to stockholders of record on March 20. Market value of the stock was $13 on March 17. The stock was distributed on March 30. The entry to record the transaction of March 30 would include a

A) credit to Cash for $216000.
B) debit to Common Stock Dividends Distributable for $216000.
C) credit to Paid-in Capital in Excess of Par for $64800.
D) debit to Stock Dividends for $64800.