Fowler Co.'s balance sheet showed the following at December 31, 2018: Common stock, $10 par $ 120,000 Paid-in capital - excess of par 60,000 Retained earnings 24,000 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. 2. Prepare all appropriate journal entries, assuming a cash dividend in the amount of $5.00 per share.