On November 1, 2017, McEwing, Inc. declared a dividend of $3.25 per share. McEwing, Inc. has 23,000 shares of common stock outstanding and no preferred stock. The date of record is November 15, and the payment date is November 30, 2017. Which of the following is the journal entry needed on November 30, 2017? O A. Debit Cash Dividends $74,750, and credit Dividends Payable Common $74,750. O B. Debit Dividends Payable Common $74,750, and credit Cash $74,750. O C. Debit Cash Dividends $74,750, and credit Cash $74,750. O D. Debit Cash $74,750, and credit Dividends Payable Common $74,750