Current Attempt in Progress Sunland Corporation has 78,000 shares of common stock outstanding. It declares a $2 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash dlyldend, (Recond journal entries in the order pnesented in the problem. Credit account tilles are automatically indented when amount is entered. Do not indent manially. if no entry is required, select "No Entry' for the occount nitles and enter Ofor the omounts