Mercury Company has 100,000 shares of common stock outstanding. On April 15, the board declared a $.30 dividend to be paid to stockholders of record on May 4. The dividend was distributed on May 15. The proper journal entry for Train Company on May 15 does not include
a) a credit to Dividends Payable for $30,000
b) both a credit to Dividends Payable for $30,000 and a debit to Dividends for $30,000
c) a credit to Cash for $30,000
d) a debit to Dividends for $30,000
e) none of these