Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 20,000 shares authorized, 9,000 shares issued, and 8,000 shares of common stock outstanding. The journal entry to record the dividend payment is: Select one O a Debit Retained Earnings $4,000; credit Common Dividends Payable $4,000 Ob. Debit Common Dividends Payable $4,000; credit Cash $4,000 Oo, Debit Retained Earnings $4,500, credit Common Dividends Payable $4,500 Od Debit Common Dividends Payable $4,500; credit Cash $4,500 e Debit Retained Earnings $10,000; credit Common Dividends Payable $10,000