Exercise #2 Hagino Corporation incurred two transactions related to the declaration of cash dividends and the issuance of cash dividends in Aug. 2020 as follows. On August 1, Hagino Corporation declared a $1.50 per share cash dividend on its common stock (20,000 shares) for stockholders. The date of record was August 15. Hagino Co. then paid the cash dividends on August 31. Requirement: Journalize the two entries for Hagino Corporation on 1) declaring the cash dividends and 2) paying the cash dividends.