Prepare journal entries to record the following transactions for Emerson Corporation. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Jaly 15 Declared a cash dividend payable to comen stockholders of $169,000. Auguat 15 Date of record is August 15 for the cash dividend declared on July 15. Auguet 31 paid the dividend declared on July 15 . Journal entry worksheet Record the declaration of a cash dividend payabie to common stockholders. Note: Enter debits before credits. Ecker Company reports $1,425,000 of not income and declares $199,500 of cash dividends on its preferred stock for the yeac. At yearend, the company had 290.000 weighted-average shares of common stock. 1. What amount of net income is avalable to common stockbolders? 2. What is the company's basic earnings per share (EPS)