cash dividend on its preferred stock par value $118.0001 and a $100 per share cash dividend on its Mocha Company earned net income of $80.000 during the year ended December 31, 2018 On December 15, Mocha declared the common stock (48,000 shares) Mocha then paid the dividends on January 4, 2019 Read the remonts Requirement 1. Journal for Mocha the entry declaring the cash dividends on December 15, 2018. (Record the credits Select the explanation on the l ine of the journal entry table> Requirement 2. Journal tr en Select the explanation on the o ne of the jumal for Mocha entry paying the cash dividends on January 4, 2018 Record Accounts and Explanation Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Assume that a company paid $15 per share to purchase 1,400 shares of its 54 par common stock as treasury stock. The purchase of treasury stock O A. decreased total equity by $5,600 OB. increased total equity by $5,600 OC. Increased total equity by $21,000 OD. decreased total equity by $21,000, Question Viewer