A recent annual report for Nordstrom Inc., disclosed that the company declared and paid dividends on common stock in the amount of $1.20 per share. During the year, Nordstrom had 1,000,000,000 authorized shares of common stock and 191,200,000 issued shares. There is no treasury stock.

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Assume Nordstrom declared the entire dividend ($1.20 per share) on February 20 and subsequently paid the dividend on March 1. Prepare a journal entry to record the 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,nsiopt%20ockto%20sl,tapican%20-iidPa,"e"blyapas%20nddeviDi,"e"blyapas%20ndbon%20%20ontouscDi,"k"ocstn%20moom"C",shCa,"d"reerefpr,%20ar%20pofs%20esxc%20einl%20tapiCa,"r"paf%20%20ossceexn%20%20Ialitap"C",leabay%20pdson"B",estiricusee%20al%20so{0"{"":32"_e,ru:t2"_4,"-1":50"_0,":24"_7,:41"_3,":25""_2,":_4,"seal:f8"_4,"llnu":37"_],1}54":77"_9,:64"_3{"},41:57"_7,"69":34"_,{1}54":77"_9,:64"_3{":[3"_2,"uetr":45"_",e1tlTiw%20Ne:"e"am"n],e}lsfa":47"_4,":54"_],"}OW"R":90"_},:39"_8,":58"_8,":27"_8,":56"_8{"":85"_",LEGGTO:"3"_7{"},W"RO:"0"_9,"3}":89"_4,":88"_2,":87"_4,":86"_:{5"_8,"E"GLOG"T":73"_,{"}OW"R":90"_},:39"_8,":38"_8,":27"_8,":36"_8{"":85"_",LEGGTO:"3"_7{"},W"RO:"0"_9,"3}":89"_2,":88"_2,":87"_2,":86"_:{5"_8,"E"GLOG"T":73"_,{"}OW"R":90"_},:39"_8,":18"_8,":27"_8,":16"_8{"":85"_",LEGGTO:"3"_7{"},W"RO:"0"_9,"3}":89"_0,":88"_2,":87"_0,":86"_:{5"_8,"E"GLOG"T":73"_[{":33"_},4""8":c3,"4""8":c2,"5"30:"1""c",85:"0""c:{9"_1,""}23:"5","3""2":"4",23:"3","3""2":"2",23:"1","3""2":"0:{9"_5,"]]}}5""3":83"_",seonspReupro%20gedglog"t":_7,"e}ru:t4"_4,"N"IOUTOL"S":76"_:{5"_5,"}}%24":"1"_8,"uetr":63"_e,ru:t0"_8{"":55"_",CYENRRCU:"3"_7{"":29"_},"}:"9"_7,"""":75"_:{6"_5,""}:"9"_7,"""":75"_:{0"_3{"":_2{"":20"_,{}}5""3":83"_",seonspReupro%20gedglog"t":_7,"e}ru:t4"_4,"N"IOUTOL"S":76"_:{5"_5,"}}%24":"1"_8,"uetr":63"_e,ru:t0"_8{"":55"_",CYENRRCU:"3"_7{"":29"_},"}:"9"_7,"""":75"_:{6"_5,""}:"9"_7,"""":75"_:{0"_3{"":_2{"":20"_,{}}e"agimg_%20bstLiwnDoopdry%20icoldP"d":_7,"n"owpDro"d":27"_0,":25"_},N"IOUTOL"S":76"_:{5"_5,"}}""":79"_",:"5"_7{"":56"_},""":79"_",:"5"_7{"":30"_:{2""_:{0"_2{"l,ul[n],}}4""3":83"_",seonspReupro%20gedglog"t":_7,"e}ru:t4"_4,"N"IOUTOL"S":76"_:{5"_5,"}}%24":"1"_8,"uetr":63"_e,ru:t0"_8{"":55"_",CYENRRCU:"3"_7{"":29"_},"}:"9"_7,"""":75"_:{6"_5,""}:"9"_7,"""":75"_:{0"_3{"":_2{"":20"_,{}}4""3":83"_",seonspReupro%20gedglog"t":_7,"e}ru:t4"_4,"N"IOUTOL"S":76"_:{5"_5,"}}%24":"1"_8,"uetr":63"_e,ru:t0"_8{"":55"_",CYENRRCU:"3"_7{"":29"_},"}:"9"_7,"""":75"_:{6"_5,""}:"9"_7,"""":75"_:{0"_3{"":_2{"":20"_,{}}e"agimg_%20bstLiwnDoopdry%20icoldP"d":_7,"n"owpDro"d":27"_0,":25"_},N"IOUTOL"S":76"_:{5"_5,"}}""":79"_",:"5"_7{"":56"_},""":79"_",:"5"_7{"":30"_:{2""_:{0"_2{"l,ul[n],}}3""3":83"_",seonspReupro%20gedglog"t":_7,"e}ru:t4"_4,"N"IOUTOL"S":76"_:{5"_5,"}}%24":"1"_8,"uetr":63"_e,ru:t0"_8{"":55"_",CYENRRCU:"3"_7{"":29"_},"}:"9"_7,"""":75"_:{6"_5,""}:"9"_7,"""":75"_:{0"_3{"":_2{"":20"_,{}}3""3":83"_",seonspReupro%20gedglog"t":_7,"