PA11-2 (Algo) Recording Cash Dividends [LO 11-3] Bonbon Confections produces chocolate bars and snacks under the brand names Blast and Soothe. A press release contained the following information: March 5-Bonbon Confections today announced that its Board of Directors has declared a speclal "one-time" cash dividend of $1.10 per share on its 91,000 outstanding common shares. The dividend will be paid on April 29 to shareholders of record at the close of business on March 26. The Company's fiscal year will end April 30 . Required: 1. Prepare any journal entries that Bonbon Confections should make on the four dates mentioned in the press release. 2. What would the board of directors have considered before making the dividend decisions? Complete this question by entering your answers in the tabs below. Prepare any joumal entries that Bonbon Confections should make on the four dates mentioned in the press refease. (If no entry is required for a transaction/date, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the declaration of a cash dividend of $1.10 per share payable on the 91,000 shares of common stock outstanding