Simone's Foods has outstanding 450 $4.00 preferred shares and 1,200 common shares. Simone's declares dividends of $15,300. What is the correct entry? OA. Accounts Retained Earnings Debit Credit 15,300 Dividends Payable, Preferred) 7,650 Dividends Payable, Common 7,650 OB. Accounts Debit Credit Dividends Expense 15,300 Cash 15,300 OC. Accounts Debit Credit Retained Earnings 15,300 Dividends Payable, Preferred 1,800 Dividends Payable, Common 13,500 OD. Accounts Debit Credit Dividends Payable, Preferred 1,800 Dividends Payable, Common 13.500 15,300 Cash CIFCO