Assume that a parent Corporation had appropriately accounted for the December 31, 2020, business combination with its wholly owned subsidiary and that subsidiary had a net income of $80,000 for the year ended December 31, 2021, Assume further that on December 20, 2021, subsidiary's board of directors declared a cash dividend of $0.60 a share on the 50,000 outstanding shares of common stock owned by Parent. subsidiary's journal entry to record the dividend declaration is: .a Intercompany Dividends Payable credit $20,000 and cash credit $20,000. .b Dividends Declared debit $ 30,000 and Intercompany Dividends Payable credit $30,000. Dividends Declared debit $ 20,000 and Intercompany Dividends Payable credit $20,000. .d Dividends Declared debit $ 20,000 and Intercompany Dividends Payable credit $20,000