Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 38,000 shares authorized, 19,800 shares issued, and 15,200 shares of common stock outstanding. The journal entry to record the dividend declaration is: Multiple Choice O Debit Retained Earrings $7600, credit Common Dividends Payable $7,500. O Debit Retained Earnings $19,000; credit Common Dividends Payable $19,000 o O Debit Retained Earnings $9,900 Credit Common Dividends Payable $9.900 o o O Debit Common Dividends Payable $9,900 Credit Cash $9,900 Debit Common Dividends Payable $7500; Credit Cash $7,500 o