Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 34,000 shares authorized, 17.400 shares issued. and 13,600 shares of common stock outstanding. The journal entry to record the dividend declaration is: Multiple Choice O Debit Retained Earnings $6,800 Credit Common Dividends Payable $6,800 O O Debit Common Dividends Payable 56.800. Credit Cast 56.800 O O Debit Common Dividends Payable 58.700,Credit Casa 58.700 On September 1, Ziegler Corporation had 72,000 shares of $5 par value common stock, and $216,000 of retained earnings. On that date, when the market price of the stock is $15 per share, the corporation issues a 2-for-1 stock split. The general journal entry to record this transaction is: Multiple Choice C ) o o No entry is made for this transaction O Debit Retained Earnings 1080,000 credit Common Stock Split Distributable $1,000,000 o o Debit Retained Earnings $360,000, Che Common Stock $360,000 O Debt Retained Earnings $1,000,000 Credit Common Stock $100.000 Eastline Corporation had 19,000 shares of $10 par value common stock outstanding when the board of directors declared a stock dividend of 7220 shares. At the time of the stock dividend, the market value per share was $20. The entry to record this dividend is: O No entry is needed. O Debit Common Stock Dividend Distributable $144.400, credit Retained Earnings $144.400 O Debit Retained Earrings $144,400, credit Common Stock Dividend Distrbutable $144.400 O Debit Retained Earnings $144400, credit Common Stock Dividend Distributable $72,200; credit Paid in Capital in Excess of Par Value, Common Stock $72.200 O Debit Retained Camings $72.200;credit Common Stock Dividend Distributable $72,200 Dividends Declared & Year 1 Year 2 Year 3 $ 3,100 $ 7,100 $37,500 The amount of dividends paid to preferred and common shareholders in year 3 is: Multiple Choice O $6.300 preferred: $31200 common, O $5.500 preferred: $32,000 common O $16.500 preferred 521000 common O O $37500 preferred, $ common