On 4/15 Blue Corp. declares a $4.85 cash dividend. On that date, the company ha 45,000 shares issued, 40,000 of which were outstanding (5,000 were held in treasury). Blue Corp. paid the dividend to its shareholders on 4/20. What journal entry will Blue Corp. record on 4/15, when the cash dividend is declared? Dr. Cash Dividends $218,250 Cr. Dividends Payable $218,250 Dr. Stock Dividends $218,250 Cr. Dividends Payable $218,250 Dr. Cash Dividends $194,000 Cr. Dividends Payable $194,000