As of Oct. 31, 2019, Landry Company has 20,000 common stock shares issued and outstanding, and retained earnings of $275,000. Landry declares a $3 per share cash dividend on Dec. 28, 2019 to be paid on Feb. 15, 2020 to shareholders of record as of Jan. 20, 2020. For the journal entry in part a, use the following account abbreviations: CASH = cash, DIV = dividends, RE = retained earnings, DIVPAY dividends payable, CS = Common stock. = a. Show the journal entry to record the dividend declaration on Dec. 28, 2019: Dr. Cr. b. Assuming Landry reported net income of $65,000 for the fiscal quarter ended Dec. 31, 2019, what is Landry's balance of retained earnings on December 31, 2019?