The board of directors of Capstone Inc. declared a $0.50 per share cash dividend on its $1 par common stock. On the date of declaration, there were 45,000 shares authorized, 21,000 shares issued, and 4,000 shares held as treasury stock. What is the entry when the dividends are declared? Dividends . 8,500 Dividends Payable 8,500 Dividends . 8,500 Cash 8,500 Dividends . 22,500 Dividends Payable 22,500 Dividends D. 10,500 Cash 10,500