I believe you have the basic concept correct all the way through, although I would be more inclined to report the negative value of $10,000 on line 3700 (dividends declared) rather than 3701 (dividends paid). The implication of "dividends payable" on line 2962 is that these dividends have been declared, but not yet paid, so they show up as a liability. That is quite different from showing dividends paid as a negative amount on line 3701, since the credit would then be to an asset account, presumably a reduction in the amount on  line 1000 for cash and deposits.