Frenchuvanilla Company earned net income of $82.000 during the year ended December 31, 2024 On December 15, Frenchvanilla declared the annual cash dividend on its 2% preferred stock (par value, $110,000) and a $0.25 per share cash dividend on its common stock (60.000 shares). French vanilla then paid the dividends on January 4, 2025 Read the requirements Requirement 1. Joumalize for Frenchvanilla the entry declaring the cash dividends on December 15, 2024. (Record debits first the credits Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit 2024 Dec 15 Requirements 1. Journalize for Frenchvanilla the entry declaring the cash dividends on December 15, 2024 2. Journalize for Frenchvanilla the entry paying the cash dividends on January 4, 2025. Print Done