Cole's Mining Company had a retained earnings balance of $1,650,000, accumulated depletion on mineral properties of $2,100,000, and paid-in capital in excess of par of $5,435,493. Cole's board declared a dividend of $3 per share on the 1,000,000 shares outstanding. The entry to record the cash dividend would include a O a debit to cash for $3,000,000 O b. credit to retained earnings for $1,650,000 O c debit to paid-in capital in excess of par for $1,350,000 od debit to retained earnings for $3,000,000