CON11-1 (Static) Recording and Reporting Stockholders' Equity Transactions Pool Corporation, Inc., is the world's largest wholesale distributor of swimming pool supplies and equipment. It is a publicly traded corporation that trades on the NASDAQ exchange. The majority of Pool's customers are small, family-owned businesses. The company issued the following press release: COVINGTON, La., March 1, 2018 (GLOBE NEWSWIRE)Pool Corporation (Nasdaq: POOL) announced today that its Board of Directors declared a quarterly cash dividend of $0.37 per share. The dividend will be payable on March 29, 2018, to holders of record on March 16, 2018 The Company also announced in its 2017 Annual Report that it had repurchased $146.0 million of its common stock in the open market. Required: 1. Prepare the journal entry for Pool Corporation to record the repurchase of shares assuming all shares were repurchased at one time. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars not in millions (i.e., 1,000,000 not 1.0).) View transaction list Journal entry worksheet Record the repurchase of shares assuming all shares were repurchased at one time. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 2. Prepare all necessary entries associated with the dividend. Assume that at the time of the dividend, Pool was authorized to issue 100 million shares and had 43 million shares outstanding. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars not in millions (i.e., 1,000,000 not 1.0).) View transaction list Journal entry worksheet Record the journal entry on March 1. Note: Enter debits before credits. Date General Journal Debit Credit March 01 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the journal entry on March 16. Note: Enter debits before credits. Date General Journal Debit Credit March 16 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the journal entry on March 29. Note: Enter debits before credits. Date General Journal Debit Credit March 29 Record entry Clear entry View general journal