Bonbon Confections produces chocolate bars and snacks under the brand names Blast and Soothe. A press release contained the following information: March 5-Bonbon Confections today announced that its Board of Directors has declared a special "one-time" cash dividend of $1.30 per share on its 103,000 outstanding common shares. The dividend will be paid on April 29 to shareholders of record at the close of business on March 26. The Company's fiscal year will end April 30. Required: 1. Prepare any journal entries that Bonbon Confections should make on the four dates mentioned in the press release. 2. What would the board of directors have considered before making the dividend decisions? 1 2 3 4 Record the declaration of a cash dividend of $1.30 per share payable on the 103,000 shares of common stock outstanding. Note: Enter debits before credits. Date March 05 General Journal Debit Credit < 1 2 3 4 Record the entry on the date of record. Note: Enter debits before credits. Date March 26 General Journal Debit Credit 1 2 3 4 Record the payment of the cash dividend. Note: Enter debits before credits. Date April 29 General Journal Debit Credit > < 1 2 3 + Record the entry to close dividends account. Note: Enter debits before credits. Date April 30 General Journal Debit Credit