52 West Company declared a $0.50 per share cash dividend. The company has 190,000 shares issued, and 10,000 shares in treasury stock. The journal entry to record the dividend declaration is: 1.33 points elock Multiple Choice Debit Retained Earnings $90,000; credit Common Dividend Payable $90,000 Debit Common Dividend Payable $95,000; credit Cash $95.000 Debit Retained Earnings $5,000 credit Common Dividend Payable $5,000. Debit Common Dividend Payable $90.000, credit Cash $90,000. Multiple Choice Debit Retained Earnings $90,000; credit Common Dividend Payable $90,000. Debit Common Dividend Payable $95,000; credit Cash $95,000. Debit Retained Earnings $5,000; credit Common Dividend Payable $5,000. Debit Common Dividend Payable $90,000; credit Cash $90,000. Debit Retained Earnings $95,000; credit Common Dividend Payable $95,000