please answer part B

On January 1 Weiss 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 Issued 4,000 additional shares of common stock for $12 per share Declared a cash dividend on outstanding shares of $1.00 per share to stockholders of record on December 31. 15 (a) Your answer has been saved. See score details after the due date. Indicate the accounts increased or decreased, if any on each of the three dates that involved dividends. Amount Date Account Titles Retained Earnings Increase/Decrease Decrease 5 70,000.00 June 15 Increase V $ 70,000.00 Dividend payable Decrease $ 70,000.00 July 10 dividend payable July 10 dividend payable Decrease 70,000.00 Cash Decrease 70,000.00 Dec. 15 Decrease $ 74,000.00 Retained Earnings dividend payable Increase 74.000.00 Attempts: 1 of 1 used (b) How are dividends and dividends payable reported in the financial statements prepared at December 31? In the retained earnings statement of $ will be In the balance sheet of $ will be reported as a Save for Lite Attempts: 0 of 1 used Submit