Mocha Company earned net income of $110,000 during the year ended December 31, 2018. On December 15, Mocha declared the annual cash dividend on its 3% preferred stock (par value, $125,000) and a $1.00 per share cash dividend on its common stock (62,000 shares). Mocha then paid the dividends on January 4, 2019. Read the requirements. Requirement 1. Journalize for Mocha the entry declaring the cash dividends on December 15, 2018 (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit 2018 Requirement 2. Journalize for Mocha the entry paying the cash dividends on January 4, 2019. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date 2019 h A Accounts and Explanation Debit Credit