Greentea Corporation earned net income of $75,000 during the year ended December 31,2020 . On December 15 , Greentea had declared the annual cash dividend on its $0.5.5 preferred shares (10,500 shares issued for $105,000) and a $0.65 per share cash dividend on its common shares (25,000 shares for $50,000). Greentea then paid the dividends on January 4,2021. Journalize the following for Greentea Corporation: a. Declaring the cash dividends on December 15,2020 b. Paying the cash dividends on January 4,2021 Did Retained Earnings increase or decrease during 2020 ? By how much? a. Journalize Greentea Corporation's declaration for the cash dividends on December 15, 2020. (Record debits first, then credits. Explanations are not required.)