Please solve and detail all solutions

National Choalate Corp produces chocoate hars and snacks urder the brand narnes Blast ard Soathe. A March6 Natiaral Chccolatr Carp.taday announced that is Board of Dirctars has dedared a sperial ara-timr cash dviand $1.10 per sharn an its 107, autsarding ammon sharas. Tha dviderd will be pald o pr 2 o sharahoiders of racord at the dosa of busines an March 26, The Company's fisca year wll end Apri 30. Required: 1. Prepare sny Joumal entres that Neiona Chocolete Cop. should make on the four dates mentoned In prees release. f no entry is required for a transaction'date, select "No Journal Entry Required" in the first account field.) iew transaction list Journal entry worksheet Rocord the declaration of a cash dividend of $1,10 per share payable on the 107,000 shares of common stock outstanding. Date General Journal Deblt Credit Marrh 05 Record entry Clear entry View general joumal 2. What would the board of directore have considered before mekirg the dvidend cecisione? The baard musl corisider he balaricee of cornmon slock and caeh beTore declaring a casl dividend The board must considerth belence d dend of retained earnings and cash before decenng cash