Part IIL. (15 points) On January 1 William Corporation had 60,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the following transactions occurred Apr. 1 Issued 10,000 additional shares of common stock for $10 per share. June 15 Declared a cash dividend of $1.00 per share to stockholders of record on June 30 July 10 Paid the $1.00 cash dividend. Dec. 1 Bought 1,000 Treasury shares for $8 per share. 15 Declared a cash dividend on December 31. outstanding shares of $1.00 per share to stookholders of record on Instructions (e) Prepare the enries, f any,on each of the three dates that involyed dividends. (b) How are dividends and dividends payable reported in the financial statements prepared at December 31? General Journal Date Account Title Debit Credit