Homework Ch15 Due date: September 21 Submit it to this account: shwang2009@gmail.com Problem: Company ABC Year 2020 R.E. (Jan. 1, 2020) Cash dividends declared = Cash dividends paid Net income $20,000 400 360 7,000 1)Do the journal entry for the net income (0.6 pts) 2) Do the journal entry for the dividends declared (0.6 pts) 3) Do the journal entry for the dividends paid (0.6 pts) 4) Present the R.E. statement (2.2 pts)