On December $31,2027,$Bramble$,$ Inc. has $4400$shares of $6\%$$$100$par value cumulative preferred stock and $60800$shares of $$10$par value common stock outstanding. On December $31,2027,$the directors declare a $$20900$cash dividend. The entry to record the declaration of the dividend would include:

a$)$A note in the financial statements that dividends of $$3$per share are in arrears on preferred stock for $2027.$

b$)$A credit of $$20900$to cash dividends.

c$)$A debit of $$20900$to common stock

d$)$A credit of $$20900$to dividends payable.