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Hutter Corporation declared a $050 per share cash dividend on its common shares. The company has 25,000 shares authorized, 14.400 shares issued, and 11,600 shares

Hutter Corporation declared a $050 per share cash dividend on its common shares. The company has 25,000 shares authorized, 14.400 shares issued, and 11,600 shares of common stock outstanding. The journal entry to record the dividend decoration is

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