Blacklea Company eamed net income of $82,000 during the year ended December 31, 2024. On December 15, Blacktea declared the annual cash dividend on its 5% preferred stock (par value, $130,000) and a $1.00 per share cash dividend on its common stock (65,000 shares). Blacktea then paid the dividends on January 4, 2025. Read the requirements Requirement 1. Journalize for Blacktea the entry declaring the cash dividends on December 15, 2024. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Date 2024 Dec. 15 Accounts and Explanation Debit Credit Requirement 2. Journalize for Blacktea the entry paying the cash dividends on January 4, 2025. (Record debits first, then credits: Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation" Debit Credit 2025 Jan 4