PA11-2 (Algo) Recording Cash Dividends [LO 11-3] Honey incorporoted produces chocotate baes and snacks under the brand norpes Bisst and Soothe. A press release contrined the following information: March 5-Honey incorporated today announced that its Board of Directors has decisred a special "one-Gme" canh dividend of 5110 per share on its 101,000 outstonding common shares. The dividend will be pald on Aoen 29 to shareholders of record at the ciose of busness on March 26. The Coenpany's fiscal year will end Aptil 30 Requited: 1. Prepare any journal enties that itoney incorporated should make on the four dates mentoned in the pross release 2. What woild the bosed of directors hove considered before making the dividend decisions? Complete this question by entering your answers in the tabs below. Prepare any jourat entries that Henty incorperated thoyd make on the four dates mentioned in the press ritiease. (if fo entry it required for a transacticn/dote, selest "No foumal fntry llequired" in the first account field) Journal entry worksheet Record the declaration of a cash dividend of 31 .t0 per share poyable on the 101,000 shares of common stock cutstanding. Wite tien depts petore creder. Record the entry on the date of record. Note: Enter debits before credits. Journal entry worksheet Record the declaration of a cash dividend of $1.10 per share payable on the 101,000 shares of common stock outstanding. Note: Enter debits before credits