Metro Chocolate Corp. produces chocolate bars and snacks under the brand names Blast and Soothe. A press release contained the following information: March 5, 20XX-Metro Chocolate Corp. today announced that its Board of Directors has declared a special "one-time" cash dividend of $1.00 per share on its one million outstanding common shares. The dividend will be paid on April 30 to shareholders of record at the close of business on March 26. Required: 1. Prepare any journal entries that Metro Chocolate Corp. should make as a result of information in the press release. Assume that the company has 1.0 million shares outstanding on March 5, the par value is $0.01 per share, and the share price is $10 per share. (Enter your answers in dollar not in millions. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the declaration of dividend. Note: Enter debits before credits. Journal entry worksheet Record the entry at the closure of business. Note: Enter debits before credits. Date General Journal Debit Credit March 26 Record entry Clear entry View general journal Journal entry worksheet