The board of directors of Capstone Inc. declared a $0.50 per share cash dividend on its $2 par common stock. On the date of declaration, there were 55,000 shares authorized, 17,000 shares issued, and 7,000 shares held as treasury stock. What is the entry when the dividends are declared? A. 5,000 5,000 B. 5,000 5,000 Dividends Dividends Payable Dividends Cash Dividends Dividends Payable Dividends Cash C. 27,500 27,500 D. 8,500 8,500