Greenland Corporation earned net income of $90,000 during the year ended December 31, 2020. On De on its $0.65 preferred shares (13,000 shares issued for $130,000) and a $0.75 per share cash dividendo then paid the dividends on January 4, 2021. Journalize the following for Greenland Corporation: a. Declaring the cash dividends on December 15, 2020 b. Paying the cash dividends on January 4, 2021 Did Retained Earnings increase or decrease during 2020? By how much? a. Journalize Greenland Corporation's declaration for the cash dividends on December 15, 2020. (Record required.) Journal Entry Accounts Debit Credit 2020 Dec 15 nded December 31, 2020. On December 15, Greenland had declared the annual cash dividend $0.75 per share cash dividend on its common shares (50,000 shares for $100,000) Greenland ch? ds on December 15, 2020. (Record debits first, then credits. Explanations are not Journalize the following for Greenland Corporation a. Declaring the cash dividends on December 15, 2020 b. Paying the cash dividends on January 4, 2021 Did Retained Earnings increase or decrease during 2020? By how much? a: Journalize Greenland Corporation's declaration for the cash dividends on December 15, 2020. (Record debits first, then credits. Explanat required.) Journal Entry Accounts Debit Credit 2020 Dot 15 b. Joumalize Greenland Corporation's payment of the cash dividends on January 4, 2021 Journal Entry Accounts Debit Credit Choose from any list at enter any number in the input fields and then continue to the next question Journalize the following for Greenland Corporation: a. Declaring the cash dividends on December 15, 2020 b. Paying the cash dividends on January 4, 2021 Did Retained Earnings increase or decrease during 2020? By how much? b. Journalize Greenland Corporation's payment of the cash dividends on January 4, 2021 Journal Entry Accounts Debit Credit 2021 Jan Did Retained Earnings increase or decrease during 2020? By how much? During 2020, retained earnings by s Choose from any list or enter any number in the input fields and then continue to the next