On March 1, Spencer Corp. had 90,000 shares of common stock authorized and 25,000 shares of $5 par common stock issued and outstanding when it declared an $.90 (ninety cents) per share dividend to be paid on March 31. Required: In the journal below, record the journal entry on the declaration and payment dates Note: Do not use currency symbols, commas, or decimals in your numerical responses. Date Account Name: Debit Credit Mar 1 Mar 31