French Vanilla earned net income of $$95,000$ during the year ended December $31,2025.$ On December $15,$ French Vanilla declared the annual cash dividend on its $8\%$ preferred stock $($par value, $$120,000)$ and a $$0\mathrm{.}10$ per share cash dividend on its common stock $(48,000$ shares$).$ French Vanilla then paid the dividends on January $4,2026.$

Requirements

Journalize for French Vanilla the entry declaring the cash dividends on December $15,2025.$

Journalize for French Vanilla the entry paying the cash dividends on January $4,2026.$

Requirement $1.$ Journalize for French Vanilla the entry declaring the cash dividends on December $15,2025.($Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)$

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Dec$.15,2025,$v$|,,],[,,,],[,,,],[,,,],[,,,]]$

Requirement $2.$ Journalize for French Vanilla the entry paying the cash dividends on January $4,2026.($Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)$

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Jan$.4,2026,1,,],[,,,],[,,,],[,,,],[,,,]]$