Fetzer Company declared a $0.15 per share cash dividend. The company has 120,000 shares authorized, 114,000 shares issued, and 4,800 shares in treasury stock. The journal entry to record the dividend declaration is: Multiple Choice Debit Common Dividends Payable $17100; credit Cash $17100. Debit Retained Earnings $16,380; credit Common Dividends Payable $16,380. Debit Retained Earnings $18,000; credit Common Dividends Payable $18,000. Debit Common Dividends Payable $16,380; credit Cash $16,380. Debit Retained Earnings $17,100; credit Common Dividends Payable $17100