1 10 points eBook Hint Print References A recent annual report for Malestrom Inc., disclosed that the company declared and paid dividends on common stock in the amount of $1.90 per share. During the year, Malestrom had 1,018,000,000 authorized shares of common stock and 191,380,000 Issued shares. There is no treasury stock. Required: Assume Malestrom declared the entire dividend ($1.90 per share) on February 20 and subsequently paid the dividend on March 1. Prepare a journal entry to record the declaration and payment of dividends. (If no entry is required for a transaction/event, select "No Journal entry required" In the first account field. Enter your answers in whole dollars not in millions (l.e., 1,000,000 not 1.0).) View transaction list Journal entry worksheet 1 2 Record the declaration of dividends Note: Enter debits before credits. Date February 20 General Journal Debit Credit View general journal Record entry Clear entry >