Following Is the Shareholders' Equity Section of the Balance Sheet

Following is the shareholders' equity section of the balance sheet of the Everslim Company: Share capital:
Preferred shares,420,000 shares authorized,
Common shares,100,000 shares authorized,
The preferred shares are currently selling for $102.25 per share and the common shares are currently selling for $11.50 per share.
The entry to record the distribution of a $66,000 dividend includes a:

A) credit to Dividends Payable, Preferred for $6,000
B) credit to Dividends Payable, Preferred for $66,000
C) debit to Common Shares for $6,000
D) debit to Common Shares for $66,000