Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 41,000 shares authorized, 21,600 shares issued, and 16,400 shares of common stock outstanding. The journal entry to record the dividend declaration is: Multiple Choice Debit Common Dividends Payoble $10,800, credit Cash $10,800 Debit Retained Earnings \$20,500; credit Common Dividends Payoble $20.500 Debit Retained Eamings \$8,200, credit Common Dividenda Payabie \$8,200 Debit Common Dividends Payabie $8,200, credit Cosh $8200