Following is the shareholders' equity section of the balance sheet of the Everslim Company: The preferred shares are currently selling for $102.25 per share and the common shares are currently selling for $11.50 per share. The entry to record the distribution of a $66,000 dividend includes a

Select one:

a. debit to Common Shares for $6,000

b. credit to Dividends Payable, Preferred for $6,000

c. debit to Common Shares for $66,000

d. credit to Dividends Payable, Preferred for $66,000