Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 36,000 shares authorized, 18,600 shares issued, and 14,400 shares of common stock outstanding. The journal entry to record the dividend declaration is: Multiple Choice Debit Retained Earnings $9,300, credit Common Dividends Payable $9,300 O Debit Common Dividends Payable $9.300: Credit Cash $9,300 Debit Retained Earnings $18,000; credit Common Dividends Payable $18,000 Debit Retained Earnings $7.200; credit Common Dividends Payable $7,200 Debit Common Dividends Payable $7,200, credit Cash $7,200