9 37 The board of directors of Capstone Inc. declared a $0.80 per share cash dividend on its $1 par common stock. On the date of declaration, there were 50,000 shares authorized, 22,000 shares issued, and 5,800 shares held as treasury stock. What is the entry for the dividend declaration? Multiple Choice points Me Graw Retained earnings Cash 4,440 4,440 Retained earnings 12,960 Cash dividends payable 12,960 Retained earnings Cash Retained earnings Cash dividende payable 12,960 12,960 4,440 4,440 < Prev 9 of 54 Next