2) Schilling Corp had 150,000 shares of common stock and 10,000 shares of $25 par, 11%, cumulative preferred stock outstanding at January 1, 2019. During 2019, there were no new issuances or repurchases of stock. Net Income for 2019 was $400,000. No dividends have been paid since 2016. On December 31, 2019, Schilling declared a $80,000 dividend. The date of record will be January 15, 2020 and the date of payment will be January 31, 2020. a) Record the journal entry for the declaration date. b) Record the journal entry for the payment date. c) Calculate EPS for 2019