A Corporation Reported the Following Equity Section on Its Current

A corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $22.00 per share. Which of the following would be included in the entry to record the distribution of a 17% stock dividend?

A) Common Stock-$6 Par Value would be credited for $52,020.
B) Stock Dividends would be debited for $104,040.
C) Paid-In Capital in Excess of Par-Common is debited for $104,040.
D) Stock Dividends would be credited for $52,020.