Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 31,000 shares authorized, 15,600 shares issued, and 12,400 shares of common stock outstanding. The journal entry to record the dividend declaration is: Multiple Choice O Debit Common Dividends Payable 57,800. Credit Cash $7.800. o Debit Retained Earnings $15,500; credit Common Dividends Payable $15.500 0 Debit Retained Earnings $6.200, credit Common Dividends Payable $6,200. o o o Debit Retained Earnings $7800, credit Common Dividends Payable $7.800 o o o Debit Common Dividends Payable 56.200credit Cash $6.200 . If the interest rate on a bond is less than the current market rate of interest for similar bonds, the bond will sell at a Multiple Choice par value discount callable price premium