Exercise 12-12 The board of directors of Sweet Manufacturing is in the process of dedaring a dividend. The company is considering paving a cash dividend of $14 per share. Sweet Manufacturing is authorized to issue 100,000 shares of common stock. The company has issued 355,000 shares to date and has required 47.000 shares. These 47,000 shares we held in treasury. How many shares of common stock are eligible to receive a dividend? Number of shares elig ble to receive dividend SHOW LIST OF ACCOUNTS LINK TO TEXT Assume that the board declares the dividend. Prepare the appropriate journal entries on the (1) date of declaration (2) date of record, and (3) date of payment. (Cred account titles are automatically indented when amount is entered Do not indent manually. I no entry is required, select No Entry for the account titles and enter for the amounts.) No. Account Titles and Explanation Debit Credit (Entry on date of declaration) (?) - 12/18/2019 Search CALCULATOR FULL SCREEN PRINTER VERSION BACK Assume that the board declares the dividend. Prepare the appropriate jouma entries on the (1) date of dederation, (2) date of record, and date of payment. (Credit account titles are automatically Indented when amount is entered mot indent manually. If entry is required. Select No Entry for the account titles and enter for the amounts. No. Account Titles and Explanation (Entry on date of declaration) (Entry on date of record) (Entry on date of payment SHOW LIST OF ACCOUNTS CINK TO TEXT