The board of directors of Capstone Inc. declared a $0.60 per share cash dividend on its $3 par common stock. On the date of declaration, there were 49,000 shares authorized, 19,000 shares issued, and 7,000 shares held as treasury stock. What is the entry when the dividends are declared? A. Dividende 7,200 Dividends Payable 7,200 B. Dividends 7,200 Cash 7,200 C. Dividends 29,400 Dividends Payable 29,400 D. Dividends 11,400 Cash 11,400 Multiple Choice Option A Option C Multiple Choice O Option A Option C Option D O Option B