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) Feb. 18, 2014-Stanley Black & Decker (NYSE: SWK) announced today that its Board of Directors approved a regular first-quarter cash dividend of $0.50 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, March 18, 2014, to shareholders of record as of the close of business on Wednesday March 5, 2014 At the time of the press release, the company had 300 million shares authorized and 155 million outstanding. The par value for the company's stock is $2.50 per share Required 1. Prepare journal entries as appropriate for each of the three dates mentioned above. (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.) View transaction list View journal entry worksheet 0 Date General Journal Debit Credit February 18, Dividends 77,500,000 2014 Dividends Payable 77,500,000 March 05,No Journal Entry Required 2 2014 March 18, 2014 Dividends Payable 77,500,000 Cash 77,500,000