Almond Ltd owns all the shares in Pecan Ltd. On 30 June 2020, Almond Ltd has dividend declared of $82,000 and dividend paid of $65,000, while Pecan Ltd has dividend declared of $28,000 and dividend paid of $56,000. What consolidation adjusting entry is required to the dividend payable account on 30 June 2020?

Group of answer choices

No consolidation entries are required

Dr Dividend payable $28,000

Cr Dividend payable $82,000

Dr Dividend payable $84,000