On January 1, RIDGEWOOD Corporation had 66,000 common shares issued. During the year, the following transactions occurred. Apr. 1 Issued 7,200 additional common shares for $62 cash per share. June 15 Declared a cash dividend of $1.50 per share to common shareholders of record on June 30, payable on July 10. July 10 Paid the $1.50 cash dividend. Dec. 1 Issued 3,300 additional common shares for $63 per share. Dec. 15 Declared a cash dividend of $1.75 per share to common shareholders of record on December 31, payable January 10. Prepare the entries, if any, at each of the above dates. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry Required" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit How are dividends declared and dividends payable reported in the December 31 year-end financial statements? In the , dividends declared of $ will be from from retained earnings. retained earnings. In the , dividends payable of $ will be reported as a