On December 31, 2021, Peabody Company had 820,000 shares of $10 par common stock issued and outstanding. At that date, stockholders' equity had the amounts listed below: Account Common Stock ($5 par value) Additional paid in capital: C/S Retained Earnings Amount $8,200,000 2,460,000 1,600,000 June 8: Declared a cash dividend on common stock of $2.00 per share payable on July 10 to stockholders of record on July 1. Date Ref Debit Credit Account Titles and Explanation Dividends Dividends payable