On November 1, 2024, Uno, Inc. declared a dividend of $4.75 per share. Uno, Inc. has 30,000 shares of common stock outstanding and no preferred stock. Which of the following is the journal entry needed to record the declaration of the dividend? OA. Debit Dividends Payable-Common $142,500, and credit Retained Earnings $142,500. OB. Debit Cash Dividends $142,500, and credit Cash $142,500. C. Debit Cash $142,500, and credit Dividends Payable-Common $142,500. OD. Debit Cash Dividends $142,500, and credit Dividends Payable-Common $142,500.