Fowler Co.'s balance sheet showed the following at December 31, 2021: 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. 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.)