Which of the following changes describes the declaration of $1,000 in cash dividends payable next month?
A. Assets and owners' equity increase by $1,000
B. Assets and owners' equity decrease by $1,000
C. Liabilities increase and owners' equity increases by $1,000
D. Liabilities increase and owners' equity decreases by $ 1,000
E. No changes in total assets, liabilities, or owners' equity