Sumatra Ltd declared a final dividend of 8 cents per ordinary shares on 30 June 2020. The company's share register noted that there were 2,000,000 ordinary shares listed. The dividend was paid on 30 September 2020. What would be the General Journal entry at 30 June 2020 to record the declaration of final dividend? DR: Retained earnings $160,000 CR: Dividend payable $160,000 DR: Dividend payable $160,000 CR: Cash $160,000 DR: Dividends $160,000 CR: Cash 160,000 DR: Retained earnings $160,000 CR: Share capital $160,000