A recent annual report for Malestrom Incorporated disclosed that the company declared and paid dividends on common stock in the amount of $1.40 per share, During the year, Malestrom had 1,002,000,000 authorized shares of common stock and 191,220,000 issued shares. There is no treasury stock. Required: Assume Malestrom declared the entire dividend (\$1.40 per share) on February 20 and subsequently paid the dividend on March 1. Prepare the journal entries to record the declaration and payment of dividends. Note: If no entry is required for a transoction/event, select "No journal entry required" in the first account field. Enter your onswers n whole dollars not in millions (i.e., 1,000,000 not 1.0). Journal entry worksheet Journal entry worksheet Record payment of dividends. Note: Enter debits before sredits