Cash Dividends On January 15th, the board of directors declared a cash dividend of $8,000, payable to common shareholders of record as of January 19th, and paid on January 314. No other dividends were dedared during the year. At year-end on December 31, $35,000 in a loss had been realized. Prepare all required journal entries: a) associated with the cash dividend and b) to close Income Summary NOTE - If no entry is required for a particular date, select "No Entry" for the account name in all appropriate places in a journal entry and enter o for the amount January 15 Date Account Titles and Explanation PR Debit Credit January 19 Date Account Titles and Explanation PR Debit Credit January 19 January 31 Date Account Titles and Explanation PR Debit Credit e December 31 - Close Income Summary PR Debit Credit Date Account Titles and Explanation