13. Assume Garrison Guitar Company declared a $0.28 per share cash dividend and that the company has 25,000 shares authorized, 19,000 shares issued, and 12,000 shares of common stock outstanding A. dividend declaration is: Retained Earnings-Cash Dividend Common Dividends Payable 3,360 3,360 B. Common Dividends Payable 5,320 Cash 5,320 C. 5,320 Retained Earnings-Cash Dividend Common Dividends Payable 5,320 D. Common Dividends Payable 3,360 Cash E. 7,000 Retained Earnings Cash Dividend 7,000 Common Dividends Payable