A recent annual report for Malestrom Inc., disclosed that the company declared and paid dividends on common stock in the amount of $2.10 per share. During the year, Malestrom had 1,009,000,000 authorized shares of common stock and 191,290,000 issued shares. There is no treasury stock.

Required: Assume Malestrom declared the entire dividend ($2.10 per share) on February 20 and subsequently paid the dividend on March 1. Prepare a journal entry to record th declaration and payment of dividends. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars not in millions (i.e., 1,000,000 not 1.0) view transaction list view general journal Journal Entry worksheet 12 Record the declaration of dividends Date Debit General Journal Credit February 20 No journal entry required Accounts payable Additional paid-in capital Available for sale securities Bonds payable *Enter debits before credits Cash don Common stock record entry Discount on bonds payable Dividends payable Paid-in capital, stock options Preferred stock Premium on bonds payable Retained earnings Trading securities