Huge Company declared a $0.25 per share cash dividend. The company has 360,000 shares authorized, 342,000 shares issued, and 14,400 shares in treasury stede The journal entry to record the dividend declaration is: Debit Common Dividends Payable 585,500, credit Cash 585 500 Debt Retained Earnings $90.000 Credit Common Dividends Payable 590 000 Debit Common Dividends Payable 581900, Credit Cash $81,900 Debt Retained Earnings 585500, credit Common Dividends Payable $85,500 Debit Retained Earnings $81.900, credit Common Dividends Payable 581 900