Q10-68. Marvin's Foods has outstanding 400 shares of 2% preferred stock $1 and 1,500 shares of common stock, $15 par value. Marvin's declares dividende Which of the following is the correct entry? ock, $100 par value, vidends of $13,800 A1 13,800 a. Dividends Expense Cash b. 13,800 causwN Retained Earnings Dividends Payable, Preferred Dividends Payable, Common C. Dividends Payable, Preferred Dividends Payable, Common Cash 800 13,000 13,800 13 14 15 d. Retained Earnings Dividends Payable, Preferred Dividends Payable, Common