A company's board of directors declared a $0.70 per share cash dividend on its $1 par common stock. On the date of declaration, there were 48,000 shares authorized, 24,000 shares issued, and 3,000 shares held as treasury stock. What is the entry when the dividends are declared? A. B c Dividends Dividends Payable Dividends Cash Dividends Dividends Payable Dividends 14,700 14,700 14,700 14,700 33,600 33,600 16,800 16,800 D. Cash Multiple Choice Multiple Choice Option A Option D Option B Option C