On February 16, Hawthorne Company declares a $0.38 dividend to be paid on April 5. Hawthorne has 2,040,000 shares of common stock issued and outstanding. The entry recorded by the company on February 16 includes a debit to: Multiple Choice Dividends Payable and a credit to Cash for $775,200. Dividends and a credit to Dividends Payable for $775,200. Dividends Payable and a credit to Cash for $735,680. Dividends and a credit to Dividends Payable for $735,680