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

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