Superior Company Had 50,000 Shares of $50 Par Value Common

Superior Company had 50,000 shares of $50 par value common stock outstanding on June 30, 2019. On July 1, the board of directors declared a 10% stock dividend when the market value of each share was $54
The journal entry on July 1 will include:

A) A credit to Stock Dividend Distributable for $250,000
B) A debit to Retained Earnings for $250,000
C) A credit to Stock Dividend Distributable for $270,000
D) A credit to Paid-in capital in excess of par value $270,000