2. A Co.'s balance sheet showed the following at December 31, 2021: Common stock, $5 par $100,000 Paid-in capitalexcess of par 50,000 Retained earnings 20,000 A cash dividend is declared on December 31, 2021, and is payable on January 20, 2022, to shareholders of record on January 10, 2022.

Required: (1) Prepare all appropriate journal entries, assuming a cash dividend in the amount of $.80 per share. (2) Prepare all appropriate journal entries, assuming a cash dividend in the amount of $2.00 per share. BE SURE TO DATE EACH ENTRY.