Hazelnut company earned net income of $102,000 during the year ended December 31,2024:

Hazelnut Company eamed net income of 5102,000 during the year ended December 31,2024 . On December 15 . Hazelnut declared the annual cash dividend on its 5% preferred stock (par value, $118,000 ) and a $0.25 per share cash dividend on its common stock ( 62,000 shares). Hazeinut then paid the dividends on January 4,2025 . Read the reguirements. Requirement 1. Journalize for Hazelnut the entry declaring the cash dividends on December 15,2024 . (Record debits first, then credits. Select the axplanafion on the last line of the journal entry table.) Requirements 1. Journalize for Hazelnut the entry declaring the cash dividends on December 15,2024. 2. Journalize for Hazelnut the entry paying the cash dividends on January 4 , 2025