Instructions Berkwild Company is authorized to issue 2,000,000 shares of common stock. At the beginning of 2019, Berkwid had 295,000 issued and outstanding sharos. On July 2, 2019, Berwlid repurchased 4,270 shares of its common stock at $29 per share. On March 1 and September 1, Berkwild declared a cash dividend of $1.80 per share. The dividends wore paid on Apri 1 and October 1. Required: Prepare the joumal entries to record the declaration of the hwo cash dividends. 1. 2. Prepare the journal entries to record the payment of the two dividends. 3. Conceptual Connection: Explain why the amounts of the two dividends are difforent. 2 Prepare the joumal ontros to record the payment of the two dividends. General Journal Instructions How does groding work? Score: 43/51 IMPACT ON FINANCIAL STATEMENr GENERAL JOURNAL BALANCE SHEET INCOR DATE ACCOUNT TITLE POST, E DERIT CRIDIT ASSETS LIARLITIES EQUITY REVEMUE Apr. 1 Cash 531,000.00 Dividends Payable 531,000.00 Oct. 1 Cash 523,314.00 Dividends Payable 521314.00 K Points