Orbit Services, Inc. pays $790,000 to acquire 34% (200,000 shares) of the voting stock of State Investments, Inc. on January 5, 2025. State Investments, Inc. declares and pays a cash dividend $3.40 per share on June 14, 2025. Which of the following is the correct journal entry for the transaction on June 14, 2025? OA. Equity Investments-State Investments, Inc. Cash B. Cash Equity Investments-State Investments, Inc. OC. Cash Retained Earnings D. Cash Dividend Revenue 680,000 680,000 680,000 680,000 680,000 680,000 680,000 680,000

\$3.40 per shere on June 14,2025 . Which of the tollowing is the correct journal ontry for the transaction on June 14,2025