The board of directors of Pioneer LLC declared a $2.60 per share cash dividend on its $1 par common stock. On the date of declaration, there were 50,000 shares authorized, 20,000 shares issued, and 1,000 shares held as treasury stock. Assuming the dividends were declared on September 1, what is the entry on September 30 to record the payment of cash dividends? 52.000 52,000 49,400 49,400 A. Dividends Dividends Payable B. Dividends Payable Cash C Dividends Dividends Payable D. Dividends Payable Cash 49,400 49,400 52,000 52,000 Option B. Option A Option C Option D