Oriole Mining Co$.$ has retained earnings of $$1,464,000,$ accumulated depletion on its one mine of $$2,245,000,$ and paid$-$in capital in excess of par of $$4,149,000.$ Oriole' board of directors approves a liquidating dividend of $$3\mathrm{.}60$ per share on its $513,000$ shares of outstanding stock.

Create the journal entry for the payment of the liquidating dividend. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.$)$

Account Titles and Explanation

Debit

Credit

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