15) Sweet Company's outstanding stock consists of 1700 shares of cumulative 4% preferred stock with a $100 par value and 11,700 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. P uu, UJJ, IUU LUULIOL. 50 per share cash dividend on its common shares. The compar 16) Hutter Corporation declared a $0.50 per share cash dividend on its co has 34,000 shares authorized, 17,400 shares issued, and 13,600 shar outstanding. The journal entry to record the dividend declaration is LIC0700