Oriole Company was organized on January 1, 2021. During its first year, the corporation issued 2,300 shares of $50 par value preferred stock and 120,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $5,600; 2022, $11.700; and 2023, $30,000. Journalize the declaration of the cash dividend at December 31, 2023, under part (b). (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31