A company declared a $0.90 per share cash dividend. The company has 300,000 shares authorized, 85,000 shares issued, and 82,000 shares of common stock outstanding. What is the journal entry to record the dividend declaration? Debit Dividends Payable and credit Cash for $76,500 Debit Dividends Payable and credit Cash for $270,000 Debit Dividends and credit Dividends Payable for $73,800 Debit Dividends and credit Dividends Payable for $76,500