On November $1$ of Year $5,$ you were hired as the treasurer for Rayburn Processing. Part of your job duties include maintaining accurat records of the company's stockholders and issuing dividend payments. The Board of Directors declared a dividend of $\backslash (\backslash$$ $2\backslash )$ per share or December $1$ for all stockholders of record on December $15.$ The dividend is paid on December $31.$ Examine the following pie charts to understand the company's five$-$year history of stock and answer the following questions. $/$r$/$n Required: $1.$ What is the authorized number of shares in Year $1?2.$ What event took place in Year $2?3.$ What event took place in Year $3?4.$ What event took place in Year $4?5.$ What happened to the authorized number of shares over the entire five$-$year period? $6.$ Prepare the journal entries for December $1,$ December $15,$ and December $31$ in Year $5$ for dividends $($Hint: Consider the type of stock on which dividends are paid$)./$r$/$n Journal entry worksheet Record the declaration of $\backslash (\backslash$$ $2\backslash )$ dividend per share on December $1.$ Note: Enter debits before credits.