Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 25,000 shares authorized, 12,000 shares issued, and 10,000 shares of common stock outstanding. The joumai entry to record the dividend deciaration is: Musiple Ehoice Debit Rethined Earnings $12,500; creda Common Dividends Payable $12,500 Debit Retalied Earnings 36,000, credit Common Dvidends Plyable $6.000 Debr Common Dividends Payable $6.000 i credit Cash $6.000. Debet Rotained Earnings \$5.000; credit Common Dividends Paysbie \$5.000- Debl4 Cominan Dividends Payable 55.000, credit Cash \$5.000