On October 1, 2020, Wilman Inc. declared $213,000 of dividends payable to shareholders on November 3, 2020. There are 17,200 common shares and 6,500, $4 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. Date Debit Credit Account Title and Explanation Cash Dividends - Common Oct 1 Cash Dividends - Preferred . Dividends Payable Record dividend payable Nov 3 Record payment of dividend On January 10, 2020, the board of directors of Casio Corporation declares a 3 for 1 stock split. This would result to which of the following: Select one: a. None of the above b. Shareholders' Equity remain the same c. Shareholders' Equity will decrease d. Sahreholders' Equity will increase