On November 1 of Year 5, you were hired as the treasurer for Raybun Processing. Part of your job duties include maintaining accurate records of the company's stockholders and issuing dividend payments. The Board of Directors declared a dividend of $2 per share on 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. ear 3 Authortzed Number of Shares Vear Authortzed Number of Shares Year 2 Authortzed Number of Shares 400,000 Unissued Unissued Unissued x Outstanding Outstanding .000 Outstanding Treasury 1.000,000 Treasury Treasury Year Authorised Number of Shares ear5 Authorized Number of Shares s0,000 50,000 Unissued 350,000 Unissued s00,000 450.000 Outstanding Outstanding 600,000 Treasury Treaury Click here to open the graph(s) in a new tab. 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 fo 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). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 5 Required 6 Required 3 Required 4 What is the authorized number of shares in Year 1? Authorized Number of shares Required 1 Required 2 Required 1 Required 2 Required 3 Required 4 Required 5 Required 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). (If no entry is required for a particular transadion/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 Record the declaration of $2 dividend per share on December 1. Note: Enter debits before credits. Date General Journal Debit Credit December 01 Sactioi1 1St Journal entry worksheet 1 2