Visor, Inc. had 300,000 shares of $20 par common stock outstanding when a 3% stock dividend was declared. The market price of the stock at the time of the declaration was $22 per share. The journal entry to record the dividend declaration would include a credit to:
a. Common Stock for $180,000
b. PIC-excess of par-CS for $198,000
c. Stock Dividends for $198,000
d. Stock Dividends Distributable for $180,000