Question 38 2 pts The following data were reported by a corporation: 20,000 Authorized shares Issued shares Treasury shares 15,000 3,000 The number of outstanding shares is: 12,000 @ 15.000 5.000 17,000 Question 39 2 pts A company declared a cash dividend of $.35 per common share to the shareholders of record on July 15. The cash dividend will be paid on July 31. This company has 500,000 shares authorized and 100.000 shares outstanding. What is the entry to record the payment on the payment date? debil Retained Earnings 175.000; credit Common Dividend Payable 175.000 O debit Common Dividend Payable 35,000 and credit Cash 35.000 debit Common Dividend payable: 175.000 and credit Cash 175.000 no entry on payment date