formual?

MKL Robotics Inc. was organized on January 1, 2019, with 470,000 shares authorized 230 000 shares were issued on January 5, 2019. MKL Robotics Inc. earned $265,000 during 2019 and declared a dividend of 50:27 per share on December 16, 2019, payable to shareholders on January 6, 2020 a. Journalize the declaration and payment of the dividend. b. Compute the balance of Retained Earnings on December 31, 2019 1. Journalize the declaration of the dividend on December 16, 2019. (Record debits first, then credits. Exclude explanations from journal entries.) Date Debit Credit Journal Entry Accounts 16 Retained Earnings Dividends Payable Dec w Joumalize the payment of the dividend on January 6, 2020 Journal Entry Date Dobit Credit Accounts 6 Dividends Payable dan. Cash b. Compute the balance of Related Earnings on December 31, 2019 The balance of Retained Eamings on December 31, 2019 15 5 he nevestinn