100. (Learning Objective 4: Account for cash dividends) On February 5, 2018, Festival Dental Corporation's board of directors declared a dividend of $0.30, to be paid on March 18, 2018. to the shareholders of record as of the close of business on March 9, 2018. Festival has 5.000.000 shares of $0.01 par-value common stock authorized with 1,600,000 shares issued and outstanding. The company has no preferred stock. Record the declaration of the dividend and the payment of the dividend. Include the proper dates with each journal entry