172 Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 22,000 shares authorized, 10,200 shares issued, and 8,800 shares of common stock outstanding. The journal entry to record the dividend declaration is: Skipped Multiple Choice 0 Debit Common Dividends Payable $5,100; credit Cash $5,100. 0 Debit Retained Earnings $4,400; credit Common Dividends Payable $4,400. 0 Debit Common Dividends Payable $4,400; credit Cash $4,400. 0 Debit Retained Earnings $11,000; credit Common Dividends Payable $11,000. 0 O Debit Retained Earnings $5,100; credit Common Dividends Payable $5,100