On February 1st, 2012, Wilman Inc. declared $192,000 of dividends payable to stockholders on March 3, 2012. There are 16,100 common shares and 9,400, $1.25 cumulative preferred shares. Dividends were last paid in 2009. Write the journal entry to record the declaration and subsequent payout of the dividends.

Do not enter dollar signs or commas in the input boxes. For transactions that have 2 debits or credits, enter the accounts in alphabetical order.

Date	Account Title and Explanation	Debit	Credit
Feb 1	Answer

Answer
	Answer

	Answer
	Answer

	Answer
	Record dividend payable
Mar 3	Answer

Answer
	Answer

Answer
	Answer

	Answer
	Record payment of dividend