Simone's Foods has outstanding 400 $10.00 preferred shares and 1,400 common shares. Simone's declares dividends of $14,800. The correct entry is O A. Retained Earnings 14,800 Dividends Payable, Preferred 4.000 Dividends Payable, Common 10,800 O B. Dividends Payable, Preferred 4,000 Dividends Payable, Common 10.800 Cash 14,800 C. Dividends Expense 14,800 14,800 Cash D 14,800 7,400 Retained Earnings Dividends Payable, Preferred Dividends Payable, Common 7,400