E11-21 (Algo) Recording Dividends L011-3, 11-4 Wilmington, Inc. brands touch the lives of people around the world. Assume that in the current year the company had 10 bilion shares of common stock nuthorized, 4 bilion shares issued, and 3 billion shares outstanding. Par value is $1 per share. Wilmington, Inc. has been paying a dividend for over 100 years. Required: Assume that Wilmington, Inc. declared a dividend of $2.57 per share on October 1to stockholders of record on October 15. Wilmington, Inc. paid the dividend on October 20. Prepare journal entries as appropriate for each date of 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 billons (Le.. 1,000,000,000 not 1.0). View transactions Journal entry worksheet