Swifty Manufacturing declared a 20% stock dividend when it had 800000 shares of $3 par value common stock outstanding. The market price per common share was $11 per share when the dividend was declared. The entry to record this dividend declaration includes a credit to O Paid-in Capital in Excess of Par for $1280000. O Stock Dividends for $480000. Common Stock Dividends Distributable for $1760000. O Common Stock for $480000