On November 1 of Year 5. you were hired as the treasurer for Rayburn 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 ple charts to understand the company's five-year history of stock and answer the following questions Authored Number of Shares Authore Number uchun hambar Sharm Und 400.000 600.000 Und Out Try Kandid 1.000.000 fr Yard Author of Shares 50.000 See 250.000 500.000 600,000 ed Our Trum est.000 Click here to open the carbo) 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 42 5. What happened to the authorized number of shares over the entire five year period? 6. Prepare the joumal 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 3 Required 4 Required Required Prepare the journal entries for December 1, December 15, and December 31 in Years for dividends (Hint: Consider the type of stock on which dividends are paid). (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list View journal entry worksheet No General Journal Credit 1 Date December 01 Retained Earnings Dividends Payable 9,000,000 9,000,000 2 December 15 No Journal Entry Required 3 December 31 Dividends Payable Cash