A company declared a $0.75 per share cash dividend. The company has 120,000 shares authorized, 49,000 shares issued, and 46,000 shares of common stock outstanding. What is the journal entry to record the dividend declaration? Multiple Choice Debit Dividends Payable and credit Cash for $90,000 Debit Dividends and credit Dividends Payable for $36.750 O Debit Dividends Payable and credit Cash for $36,750