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Mapleleaf industries declared a $0.90 per share cash dividend. The company has 300,000 shares authorized, 85,000 shares issued and 2,000 shares of common stock outstanding.

Mapleleaf industries declared a $0.90 per share cash dividend. The company has 300,000 shares authorized, 85,000 shares issued and 2,000 shares of common stock outstanding. What is the journal entry to record the dividend declaration?

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