On 12/31/2021, Okuneva Corporation declares a dividend of $1.80 per share to be paid in the future. The company reports the following on its balance sheet as of 12/31/2021: Stockholders Equity as of 12/31/2021 Total value ($) Common Stock (par value of $0.50per share) 400,000 Additional Paid-in Capital - Common Stock 6,000,000 Treasury Stock (9,000 shares of repurchased common 26,160 stock) What journal entry (if any) should be recorded on 12/31/2021 when the dividend is declared? Account Debit Credit Score X Retained Earnings (-SE) 1,440,000.00 0.67/1 X Dividends Payable (+L) 1,440,000.00 0.67/1 No Journal Entry Required Correct Answer: Account Debit Credit Score Retained Earnings (-SE) 1,423,800.00 1/1 Dividends Payable (+L) 1,423,800.00 1/1 No Journal Entry Required