E14-1B On January 1, Finney Corporation had 95,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the following occurred. Apr. 1 June 15 July 10 Dec. 1 15 Issued 55,000 additional shares of common stock for $17 per share. Declared a cash dividend of $1 per share to stockholders of record on June 30. Paid the $1 cash dividend. Issued 2,000 additional shares of common stock for $19 per share. Declared a cash dividend on outstanding shares of $1.20 per share to stockholders of record on December 31. Instructions (a) Prepare the entries, to record these transactions. (b) How are dividends and dividends payable reported in the financial statements pre- pared at December 31