The board of directors of Capstone Inc. declared a $0.40 per share cash dividend on its $1 par common stock. On the date of declaration, there were 41,000 shares authorized, 20,000 shares issued, and 4,000 shares held as treasury stock. What is the entry when the dividends are declared? A. 6,400 6,400 B. 6,400 Dividends Dividends Payable Dividends Cash Dividends Dividends Payable Dividends Cash 6,400 C. 16,400 16,400 D. 8,000 8,000