Cash and Stock Dividends Debra Corperation has 60,000 shares of \$1 par value tommon stock outstanding. The compacy has 5500.000 of retaned eaminga. Atyear end, the company declares a cash dividend of 52.00 per share and a seven pertent stock dividend. The market price of the stock at the deciaration date is s60 per share. Three weeks later, the company pays the dividends. a. Prepare the journal entry for the declaration of the cash dividend. b. Prepare the joumal entry for the declaration of the stock dividend c. Prepare the foumal entry for the payment of the cash dividend. d. Prepare the joumal entry for the payment of the stock dividend