On December $31,2021,$ Swifty, Inc. has $3700$ shares of $5\%$$$100$ par value cumulative preferred stock and $60500$ shares of $$10$ par value common stock outstanding. On December $31,2021,$ the directors declare a $$16500$ cash dividend. The entry to record the declaration of the dividend would include:

a note in the financial statements that dividends of $$5$ per share are in arrears on preferred stock for $2021.$

a credit of $$16500$ to Dividends Payable.

a debit of $$16500$ to Common Stock.

a credit of $$2000$ to Cash Dividends.