CV 13.1 Chapter 13 Canvas Homework: Cash Dividends and EPS 1) Conroy, Inc. had 80,000 shares of common stock and 1,000 shares of $50 par, 12%, noncumulative preferred stock outstanding at January 1, 2019. During 2019, Conroy issued an additional 10,000 shares of common stock and repurchased 25,000 shares of common stock as treasury stock. Net Income for 2019 was $530,000. No dividends have been paid since 2016. On December 31, 2019, Conroy declared a $200,000 dividend. The date of record will be January 15, 2020 and the date of payment will be January 31, 2020. a) Record the journal entry for the declaration date. b) Record the journal entry for the payment date. c) Calculate EPS for 2019