Autumn Services, Inc $$\begin{array} { | l | r | r | } \hline \text { Cash } & 420,000 & \\\hline \text { Equity Investments } & & 420,000 \\\hline\end{array}$$

Autumn Services, Inc. acquired 140,000 shares of Spring Metals, Inc. on January 1, 2018. Spring declares a cash dividend of $3.00 per share on February 15, 2019 and pays the cash dividend on March 2, 2019. With the current investment, Autumn Services, Inc. holds 8% of Spring's voting stock. Which of the following will be the correct journal entry for the day when the dividend payment is made (March 2, 2019) ?

A) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 420,000 & \\\hline \text { Equity Investments } & & 420,000 \\\hline\end{array}$$
B) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 420,000 & \\\hline \text { Retained Earnings } & & 420,000 \\\hline\end{array}$$
C) No Entry
D) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 420,000 & \\\hline \text { Dividend Receivable } & & 420,000 \\\hline\end{array}$$