Mrralae the Natomy Wu Gunedjei Curvorton 2. Proung to saut sivitenta on liruary 4, 2th1 Gleneagies Corporation earned net income of $70,000 during the year ended December 31,2020 . On Decem cash dividend on its common shares (25,000 shares for $50,000). Gleneagles then paid the dividends on Jant Journalize the following for Gleneagles Corporation: a. Declaring the cash dividends on December 15,2020 b. Paying the cash dividends on January 4,2021 Did Retained Earnings increase or decrease during 2020? By how much? a. Journalize Gleneagles Corporation's declaration for the cash dividends on December 15, 2020. (Record det Did Retained Earnings increase or decrease during 2020? By how much? During 2020, retained earnings by $