Dutchik company declared a dividend of St per common share of stock. Dutchik company provided the following information regarding its common shares at the time the dividends were declared. Authorized Shares 550,000 Issued Shares 300,000 Outstanding Shares 250,000 Treasury Shares 50,000 What is the journal entry to be recorded by Dutchik Company at the time of the dividend declaration? DR Retained Earnings $300,000 CR Dividends Payable $300,000 DR Retained Earnings $550,000 CR Dividends Payable $550,000 DR Retained Earnings $250,000 CR Dividends Payable $250,000 DR Retained Earnings $250,000 CR Cash $250,000 DR Retained Earnings $550,000 CR Cash $550.000 DR Retained Earnings $300,000 CR Cash $300,000