On january 1,Swanson Corporation had 60,000 shares of $10 pare value common stock outstanding.On March 17,the company declared a 15% stock dividend to stockhlders 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) credit to cash for $90,000
b) debit to common stock dividend distributable for $90,000
c) credit to paid-in capital in excess of par value for $27,000
d) debit to retained earnings for $27,000