Freeloaders Ltd. reported the following information concerning share capital for the year ended December 31, 2020: Preferred shares, cumulative, $0.06, 60,000 shares issued - $90,000 Common shares, 9,000,000 shares issued - $900,000 Freeloaders has paid all preferred share dividends up to the end 2017. No dividends were paid in 2018 or 2019. On December 31, 2020, Freeloaders declared a $100,000 cash dividend to shareholders of record on January 15, 2021, payable January 31, 2021. Required: Prepare the necessary journal entries (in chronological order) to account for the above events/transactions. Please round to the nearest whole number. Please provide dates for you journal entries. Date: Account Debit Credit . Date: . Account Debit Credit Supporting Work: Date: > Account Debit Credit