On November 27, the board of directors of Kingbird Company declared a $0.40 per share dividend. The dividend is payable to shareholders of record on December 7 on December 24. Kingbird has 25,000 shares of $1 par common stock outstanding at November 27. Journalize the entries needed on the declaration and payment dates. (Credit account titles are automatically indented when amount is entered. Do not indent manualfy. If no entry is required, select "No Entry" for the account titles and enter 0 for thu amounts. Record journal entries in the order presented in the problem. (ist all debit entries before credit entries.)