On October 1, 2020, Wilman Inc declared $184,000 of dividends payable to shareholders on November 3, 2020. There are 19,000 common shares and 7,300, 54 cumulative preferred shares. Dividends were last paid in 2017 Write the journal entry to record the declaration and subsequent payout of the dividends. Wilman Inc uses the cash dividends account to record dividends. Do not enter dollar signs or commas in the input boxes. For transactions that have 2 debits or credits enter the accounts in alphabetical order Debit Credit Date Account Title and Explanation loct! Record dividend payable . Nov 3 . Record payment of dividend