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On January 1, Sheffield Corporation had 81000 shares of $10 par value common stock outstanding. On...

On January 1, Sheffield Corporation had 81000 shares of $10 par value common stock outstanding. On June 17, the company declared a 15% stock dividend to stockholders of record on June 20. Market value of the stock was $15 on June 17. The entry to record the transaction of June 17 would include which of the following?

a.

credit to Cash for $182250.

b.

 credit to Common Stock Dividends Distributable for $182250.

c.

credit to Common Stock Dividends Distributable for $60750.

d.

debit to Stock Dividends for $182250.
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