4: The board of directors of Energy Manufacturing is in the process of declaring a cash dividend of $2 per share. Energy Mfg. is authorized to issue 200,000 shares of common stock. The company has issued 125,000 shares to date, and has reacquired 15,000 shares, which are held in treasury. a. How many shares of common stock are eligible to receive a dividend? b. Assume that the board declares the dividend. Prepare the appropriate journal entries on the (1) date of declaration, (2) date of record, and (3) date of payment