AS MONACO - Part 3 of 5 AS Monaco are a professional football team based in Monaco, and play the French professional league "Ligue 1." The team, like many sports franchises, is owned by investors. Suppose the AS Monaco are publicly traded, and owned by 35 wealthy investors (each investor owns 450,000 shares). The board of directors of the team meet on March 1st, 2021, and declares a 12% stock dividend. The record date is March 31st, and dividend is paid to the investors on April 30th. The market price for the club’s shares are as follows: January 1st: $20, March 1st: $25, March 30th: $21, March 31st: $22, April 30th: $24. The average issuance price of the shares is $10. If there are two or more debit accounts, or two or more credit accounts in your response, list them in alphabetical order for all the dates. Choose N/A if journal entry, or particular journal entry is not required. How does AS Monaco record the journal entry for April 30? [ Select ] Dr. Dividends Declared Cr. Common Stock Dividends Distributable Cr. Retained Earnings Dr. Common Stock Dividends Distributable Dr. Common Stocks Dividends Declared Cr. Cash Dr. Cash Cr. Common Stocks Dividends Declared Cr. Common Shares Dr. Retained Earnings Cr. Dividend Declared Dr. Common Shares N/A [ Select ] 42,000,000 N/A 48,000,000 15,750,000 2,000,000 40,000,000 47,250,000 47,500,000 44,000,000 [ Select ] Cr. Retained Earnings Cr. Dividends Declared Dr. Common Stock Dividends Distributable Cr. Cash Dr. Common Stocks Dividends Declared Cr. Common Stocks Dividends Declared Dr. Common Shares N/A Dr. Retained Earnings Cr. Common Shares Dr. Cash Cr. Common Stock Dividends Distributable Dr. Dividends Declared [ Select ] 42,000,000 15,750,000 40,000,000 44,000,000 47,500,000 2,000,000 47,250,000 N/A 48,000,000