I.Prepare the journal entries for the following dates:

December 1, 2019 (Declaration date)

December 22, 2019 (Date of record)

January 25, 2020 (Payment Date)

On December 1, 2019, the directors of Medical Pediatric, Inc. declare a $1.75 per share cash dividend on 275,000 shares of $10 par value common stock. The dividend is payable on January 25, 2020 to shareholders of record on December 22, 2019.