On April 15, 2021, Novak Ltd, declared a 50 per share cash dividend payable on May 31 to shareholders of record on May 1. On the date of declaration, Novak Ltd. had 337,000 common shares outstanding. On May 15, 2021, the company issued an additional 66,000 common shares for $8 each. On May 31, the dividend was paid. On December 15, 2021, Novak Ltd. declared a 50 per share cash dividend, payable on January 15, 2022 to shareholders of record on January 2, 2022. Prepare all the required journal entries to record these transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round average per share amount to two decimal places.) Date Account Titles and Explanation Credit 2021 Debit (To record declaration of dividend.)