On January 15th, the board of directors declared a cash dividend of $10,000, payable to common shareholders of record as of January 19th, and paid on January 31st. No other dividends were declared during the year. At year-end on December 31, $50,000 in net income had been earned. Required: Prepare all required journal entries: 1) associated with the cash dividend, and 2) to close Income Summary AND any related Cash Dividend accounts (if applicable). NOTE: IF no entry is required for a particular date, record the date and write "No Entry". Date Account Titles and Explanation PR Debit Credit Jan 15 19 31 Dec 31 31