Consider the following statement of stockholders' equity. B Click the icon to view the statement of stockholders' equity.) Read the requirements. 1. Make journal entries to record the declaration and payment of cash dividends during 2018. (Record debits first, then credits. Exclude explanations from any journal entries.) Record the declaration of cash dividends during 2018. (Do not yet record the payment of the dividend. We will do that in the following step.) Journal Entry Date Accounts Debit Credit Record the payment of cash dividends during 2018, Journal Entry Accounts Date Debit Credit Data table Example Company Statement of Stockholder's Equity Year Ended December 31, 2018 Additional Total Common stock paid-in Retained Treasury Stockholders' capital earnings stock Equity 230,000 $ 130,000 $ (23,000) $ 477,000 100,000 130,000 Balance, December 31, 2017 $ 140,000 $ Issuance of stock 30,000 Net income 62,000 62,000 Cash dividends (60,000) Stock dividends 10,000 27,000 0 Purchase of treasury stock Sale of treasury stock (60,000) (37,000) (10,000) 5,000 95,000 $ (28,000) $ 6,000 363,000 $ (10,000) 11,000 610,000 $ 180,000 $ Balance, December 31, 2018 Print Done 2. How much cash did the issuance of common stock bring in during 2018? The issuance of common stock brought in $ of cash during 2018. 3. What was the cost of the treasury stock that was purchased during 2018? What was the cost of the treasury stock that was sold during the year? For how much was the treasury stock sold during 2018? The cost of the treasury stock purchased during the year was $ The cost of the treasury stock sold during 2018 was $ The treasury stock was sold in 2018 for $