Fowler Co.'s balance sheet showed the following at December 31, 2021: Common stock, $10 par Paid-in capital-excess of par Retained earnings $115,000 57,500 23,000 A cash dividend is declared on December 31, 2021, and is payable on January 20, 2022, to shareholders of record on January 10, 2022. Required: 1. Prepare all appropriate journal entries, assuming a cash dividend in the amount of $1.00 per share. 2. Prepare all appropriate journal entries, assuming a cash dividend in the amount of $5.00 per share. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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.) View transaction list X: 1 > Record cash dividend declared on December 31, 2021. 2 Record the entry on date of record. 3 Record payment of cash dividend. bit Credit Note : = journal entry has been entered Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Required 1 Required 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.) View transaction list X 1 Record cash dividend declared on December 31, 2021. > 2 Record the entry on date of record. 3 Record payment of cash dividend. it Credit Note : = journal entry has been entered Record entry Clear entry View general journal