PA11-2 (Algo) Recording Cash Dividends [LO 11-3] Hungler Corporation produces chocolate bars and snacks under the brand names Blast and Soothe. A press release contained the following information: March 5 - Hungler Corporation today announced that its Board of Directors has declared a special "one-time" cash dividend of $1.10 per share on its 97,000 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 Hungler Corporation should make on the four dates mentioned in the press release. 2. What would the board of directors have considiered before making the dividend decisions? Complete this question by entering your answers in the tabs below. Prepare any journal entries that Hungler Corporation should make on the four dates mentioned in the press release. (if no entry is required for a transaction/date, select "No Journal Entry Required" in the first account field.)