Use This Information to Answer the Following Question

Use this information to answer the following question. Hernandez Corporation has 60,000 shares of $20 par value common stock outstanding.The following transactions occurred during the year:
The entry to record the transaction of March 30 would be:

A) Common Stock Distributable 120,000
Common Stock 120,000
B) Common Stock Distributable 120,000
Retained Earnings 36,000
Common Stock 156,000
C) Common Stock Distributable 156,000
Common Stock 120,000
Additional Paid-in Capital 36,000
D) Common Stock Distributable 120,000
Cash 120,000