Practice Exercise 15-4 Sarasota Inc, has 5,400,000 shares of common stock issued and outstanding. On April 1, the board of directors voted a 70 cents per share cash dividend to stockholders of record as of April 14, payable April 21. Prepare the journal entry for each of the dates above assuming the dividend represents a distribution of earnings. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit