Question 14 On December 31, 2020, Coronado, Inc. has 3700 shares of 5% $100 par value cumulative preferred stock and 60900 shares of $10 par value common stock outstanding on December 31, 2020, the directors declare a $16200 cash dividend. The entry to record the declaration of the dividend would include: a note in the financial statements that dividends of Sper share are in areas on preferred stock for 2020. a credit of $16200 to Dividends Payable. a debit of $16200 to Common Stock O a credit of $16200 to Cash Dividends