Nutritious Pet Food Company's board of directors deciares a cash dividend of 55,500 on June 30, At that time, there are 3,200 shares of 54 par value 4%6 preferred stock outstanding and 6,800 shares of $1 par value common stock outstanding (none held in treasury). What is the journal entry to record the declaration of the dividend? If an amount box does not require an entry, leave it blank: June 30