Cash Dividends On Oct. 2, 2020, ABC Company declared a Cash Dividend of $45,000 to shareholders of record on Oct. 30, 2020; Payment on Nov. 15, 2020. ABC has the following classes of stock: -6%, $50 Par Value, Non-Cumulative Preferred stock, 2,500 shares issued and outstanding, - Common $1 PV, 80,000 shares issued and outstanding. REQUIRED: Compute the amount of the Dividend and record the Journal Entries for the following: SHOW YOUR COMPUTATIONS! - Oct 2, 2020 Declaration Date - Oct 30, 2020 Date of Record - Nov 15, 2020 Payment Date