Isabella's Foods has outstanding 250 $9.00 preferred shares and 1,200 common shares Isabella's declares dividends of $15,800 The correct entry is ... OA 15,800 2,250 13,550 o Retained Eamings Dividends Payable, Preferred Dividends Payable, Common Dividends Payable, Preferred Dividends Payable, Common Cash 2,250 13,550 15 800 OC. 15,800 Retained Earings Dividends Payable, Preferred Dividends Payable, Common 7,900 7,900 OD Dividends Expense 15,800 Cash 15,800