Air Guitars Corp (AGC) currently has: 220 000 common shares issued at $15 per share 30 000 $5 non-cumulative preferred shares issued at $200 per share On January 5th, Air Guitars Corp. declares a dividend of $235 000 to shareholders of record on January 18th, which they will pay on January 31st. Make the appropriate journal entries to record: a) The declaration of the dividend (3 marks) b) the payment of the dividend. (3 marks) c) What was the dividend per share for the common shareholders? (2 marks)