On November 1, 2024, Uno, Inc. declared a dividend of 4.00 per share. Uno, Inc. has 29,000 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? A. Debit Cash Dividends 116,000, and credit Dividends PayableCommon 116,000. B. Debit Dividends PayableCommon 116,000, and credit Retained Earnings 116,000. C. Debit Cash 116,000, and credit Dividends PayableCommon 116,000. D. Debit Cash Dividends 116,000, and credit Cash 116,000.