261204 5 On April 15, Chemical Cleanup Inc. declared a dividend of $.50 per common share to shareholders of record on May 30, payable on June 30. At the date of declaration, Chemical had 750,000 shares of $.03 par value common stock issued and outstanding, and the market value of a share was $7.60. Prepare the journal entries required to record the declaration and payment of the dividend. Dr Cr