On January 1, Ripken Corporation Had 80,000 Shares of $10

On January 1, Ripken Corporation had 80,000 shares of $10 par value common stock outstanding.On May 7, the company declared a 10% stock dividend to stockholders of record on May 21.The market value of the stock was $13 on May 7.The stock was distributed on May 24.The entry to record the transaction of May 24 would include a

A) credit to Common Stock for $80,000.
B) debit to Common Stock Dividends Distributable for $104,000.
C) credit to Paid-in Capital in Excess of Par Value for $24,000.
D) debit to Stock Dividends for $24,000.