Gleneagles Corporation earned net income of $70,000 during the year ended December 31,2020 . On December 15 , Gleneagles had declared the arnual cash dividend on its $. shares issued for $100,000) and a $0,60 por share cash dividend on its common shares (25,000 shares for $50,000). Gleneagles then paid the dividends on January 4,2021. Joumalize the following for Gleneagles Corporation: a. Declaring the cash dividends on December 15,2020 b. Paying the cash dividends on January 4, 2021 Did Retained Eamings incroase or decrease during 2020? By how much? a. Journalize Gleneagles Corporation's declarabion for the cash dividends on December 15, 2020. (Record debits first, then credits. Explanations are not required.) h. Inumaliza Gleneades Corporation's payment of the cash dividends on January 4, 2021