Fowler Co.'s balance sheet showed the following at December 31, 2016:

Common stock, $10 par	$110,000
Paid-in capital - excess of par	55,000
Retained earnings	22,000

A cash dividend is declared on December 31, 2016, and is payable on January 20, 2017, to shareholders of record on January 10, 2017.

Required:

Prepare all appropriate journal entries, assuming a cash dividend in the amount of $1.00 per share. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

2.	Prepare all appropriate journal entries, assuming a cash dividend in the amount of $5.00 per share. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)