French-roast Company earned a net income of $105000 during the year ended 31 2024 On December 15, declared the annual cash dividend on its 3% preferred stock (par value,110000 ) and a $1.00 per share cash dividend on its common stock 62000shares). then paid the dividends on January 4, 2025

Requirement 1. Journalize for French roast the entry declaring the cash dividends on December 15, 2024 (Record debits first, then credits. Select the explanation on the last line of the journal entry table

Requirment 2. Journalize for Greentea the entry paying the cash dividends on January 4, 2025.