The board of directors of Capstone Inc. declared a $0.60 per share cash dividend on its $1 par common stock. On the date of declaration, there were 50,000 shares authorized, 20,000 shares issued, and 5,000 shares held as treasury stock. What is the entry for the dividend declaration?

	Dividends	9000
a.	Dividends payable		9000
	Dividends	9000
b.	Cash		9000
	Dividends	10,000
c.	Dividends payable		10,000
	Dividend	10,000
d.	cash		10,000