Groenview Corporation camed net income of $150,000 during the year ended December 31, 2020 on December 15, Greenview had declared the annual cash dividend on its $0,35 proferred shares (10,000 shares issued for $100,000) and a $0.45 per share cash dividend on its common shares (30,000 shares for $60,000) Greenview then paid the dividends on January 4, 2021 Journalize the following for Greenview 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. Joumalize Groenview Corporation's declaration for the cash dividends on December 15, 2020. (Record debits first, then credits. Explanations are not required.) Journal Entry Accounts Debit Credit 2020 Dec 15 b. Journalize Greenview Corporation's payment of the cash dividends on January 4, 2021, Journal Entry Accounts Debit 2021 Jan Credit Did Retained Earnings increase or decrease during 2020? By how much? During 2020, retained earnings by s decreased Increased