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1.On December 31st, $517,000 depreciation expense for the year was calculated for equipment purchased before January 1, 2022. 2. On December 31st, the company declared

1.On December 31st, $517,000 depreciation expense for the year was calculated for equipment purchased before January 1, 2022.

2. On December 31st, the company declared dividends of $0.22 per share to be paid at a later date.

Prepare a journal entry

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