Micron Owns 35% of Martok Corp Common Shares, and Is

Micron owns 35% of Martok Corp common shares, and is considered to havesignificant influence. Martok paid a total of $47,000 in common dividends. Micron would record the dividend transaction with a:

A) Debit to Investment in Martok Common Shares for $16,450.
B) Credit to Investment in Martok Common Shares for $16,450.
C) Credit to Investment in Martok Common Shares for $16,450 and Debit to Cash for $16,450.
D) Debit to Cash for $16,450.
E) Credit to Dividends Earned for $16,450.