Fowler Co.'s balance sheet showed the following at December 31, 2018: Common stock, $10 par Paid-in capital - excess of par Retained earnings $118,000 59,000 23,600 A cash dividend is declared on December 31, 2018, and is payable on January 20, 2019, to shareholders of record on January 10, 2019. Required: 1. Prepare all appropriate journal entries, assuming a cash dividend in the amount of $1.00 per share. a. Record cash dividend declared on December 31, 2018. b. Record the entry on date of record. Jan 10 2019 c. Record payment of cash dividend. Jan 20 2019 2. Prepare all appropriate journal entries, assuming a cash dividend in the amount of $5.00 per share. a. Record cash dividend declared on December 31, 2018. b. Record the entry on date of record. Jan 10 2019 c. Record payment of cash dividend. Jan 2019