The Whole Company has a retained earnings balance of $185,000 and the following Equity outstanding 18.000 preferred shares ($2 cumulative dividend) 125,000 common shares On November 15 the Board of Directors declares $90,000 dividends be paid on December 15 to shareholders of record on November 30 Show the entries required on the date of declaration Nov 15 Retained Earnings Blank 1 Preferred Dividend Payable Blank 2 Common Dividend Payable Blank 3 Blank 1 Add your answer Blank 2 Add your answer Blank 3 Add your