On January 1, Ripken Corporation Had 40,000 Shares of $10

On January 1, Ripken Corporation had 40,000 shares of $10 par value common stock outstanding. On March 17 the company declared a 10% 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 Common Stock for $40,000.
B) debit to Common Stock Dividends Distributable for $52,000.
C) credit to Paid-in Capital in Excess of Par Value for $12,000.
D) debit to Stock Dividends for $12,000.