2. On 6/1/16 Lumiere Inc, declares a 4% cash dividend on its common stock. The date of record is 7/1/16 and the date of payment is 8/15/16. The stock has a par value of $9 and has 60,000 authorized common stock of which 12,000 shares are outstanding. a. Prepare any necessary journal entries for the date of declaration, the date of record, and the date of payment. b. Use the same information as the problem above, but instead of a 4% cash dividend per share the company issues a stock dividend of 6%. Market Price on the date of declaration is $8/share. All other information remains the same. Prepare any necessary journal entries for the date of declaration, the date of record, and the date of payment