On December 1, YR11 the board of directors of Apple Inc. declared a dividend of $2 per share on its common stock to holders of record on December 20, YR11. The board specified the date of payment as January 30, YR12. Information regarding shares authorized, issued, and outstanding are provided below. Description Shares Authorized Shares Issued Shares Outstanding Shares Held as Treasury Stock Date of Declaration (December 1, YR11) Date of Record (December 20, YR11) Date of Payment (January 30, YR12) 200 200 200 150 150 175 100 100 150 50 50 25 The differences in share amounts are due to stock transactions that occurred in January, YR12. 3. The general ledger entry at the date of declaration is: a. Retained Earnings 200 Dividends Payable 200 b. Retained Earnings 300 Dividends Payable 300 c. Dividend Expense 300 Dividends Payable 300 d. Retained Earnings 300 Dividends Payable 200 Dividend Income - Treasury Stock 100 e. None of the above. 4. The general ledger entry at the date of payment is: a. Dividends Payable 300 Cash 200 Dividend Income 100 b. Dividends Payable 300 Cash 200 Paid-In Capital - Treasury Dividends 100 c. Dividends Payable 300 Cash 300 d. Dividends Payable Cash 200 200 e. None of the above.