Ayayai Ltd, and Whispering Winds Ltd incurred the following merchandise transactions in June. June 10 Ayayalisold 54,000 of merchandise to Whispering Winds, terms n/30, FOB shipping point. The merchandise cost. Ayayai $2,400 whenit was originally purchased Ayayaihas historically experienced areturn rate of 10%6. 12 Freight costs of $200 were paid by the uppropriste corvpany 12 Avayi recelved damaged goods returned by Whispering Winds for credit The goods were originally sold for $400 : the cost of the returned merchandise was 5242 . The merchandise was not returned to inventory 19. Averairecelved full payment from Whispering Winds. How does a company determine which shareholders are entitled to a dividend? The board of directors determines which investors will receive a dividend. The investors who hold shares on the payout date receive a dividend. The investors who hold shares on the declaration date receive a dividend. The investors who hold shares on the record date will receive a dividend