Fetzer Company declared a $0.35 per share cash dividend The company has 400,000 shares authorized. 380,000 shares issued, and 16,000 shares in treasury stock The journal entry to record the payment of the dividend is: Debit Common Dividends Payable $133,000; credit Cash $133,000 Debit Retained Earnings $127,400; credit Common Dividends Payable $127,400 Debit Common Dividends Payable $127,400; credit Cash $127,400 Debit Retained Earnings $133,000; credit Common Dividends Payable $133,000 Debit Retained Earnings $140,000; credit Common Dividends Payable $140,000