Submit The board of directors of Capstone Inc. declared a $0.80 per share cash dividend on its $1 par common stock. On the date of declaration, there were 50,000 shares authorized, 24,000 shares issued, and 5,600 shares held as treasury stock. What is the entry for the dividend declaration? Multiple Choice Retained earnings 14,720 Cash 14,720 Retained earnings 4,080 Dividends payable 4,080 Retained earnings 4,080 Cash 4,080 Retained earnings 14,720 Dividend payable 14,720