Greenwood Corporation earned net income of $75,000 during the year ended December 31,2021 . On December 15 , Greenwood declared the annual cash dividend on its 3% preferred stock (11,000 shares with total par value of $110,000) and a $0.10 per share cash dividend on its common stock (45,000 shares with total par value of $450,000). Greenwood then paid the dividends on January 4, 2022. a. Journalize for Greenwood Corporation the declaration for the cash dividends on December 15, 2021. (Record debits first, then credits. Exclude explanations from any journal entries. Use only a single account to record the dividends.) b. Journalize for Greenwood Corporation the payment of the cash dividends on January 4, 2022. Did retained eamings increase or decrease during 2021? By how much? (Use a minus sign or parentheses for a decrease.) Increase (Decrease) in retained earnings during 2021=