Stanley Black & Decker is a leading global manufacturer and marketer of power tools, hardware, and home improvement products. A press release contained the following announcement: NEW BRITAIN. Conn-(BUSINESS WIRE-Oct. 20, 2016-Stanley Black & Decker (NYSE SWK) announced today that its Board of Directors approved a regular fourth quarter cash dividend of $0.58 per common share. This extends the company's record for the longest consecutive annual and quarterly dividend payments among industrial companies listed on the New York Stock Exchange. The dividend is payable on Tuesday, December 20, 2016, to shareholders of record as of the close of business on Friday, December 2. 2016 At the time of the press release, the company had 300 million shares authorized and 145 million outstanding. The par value for the company's stock is $2.50 per share. Required: 1. & 2. Prepare Journal entries as appropriate for each of the three dates mentioned above and to close the dividends account. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars not in millions.) No Credit Answer is not complete. Date General Journal October 20, 2016 Retained wings Dividendes Payable Debit 84 214.000 1 4214,000 3 64.000 December 20, 20 Didenda Payable C 564.000