Stockholders Equity1.Mockabee Keepers produces the worlds finest honey. On 4/1/20, MK declaresa dividend of $1.25 per share of common stock. The date of record is 4/7/20, and the payment date is 4/15/20. As of 4/1/20, Mockabees Balance sheet lists the following:Common Stock-(10,000 shares authorized, 5,500 issued, 5,000 outstanding). a.Record the JE on the date of declaration:b.Record the JE on the payment date:

Stockholders' Equity 1. Mockabee Keepers produces the world's finest honey. On 4/1/20, MK declares a dividend of $1.25 per share of common stock. The date of record is 4/7/20, and the payment date is 4/15/20. As of 4/1/20, Mockabee's Balance sheet lists the following: Common Stock- (10,000 shares authorized, 5,500 issued, 5,000 outstanding). a. Record the JE on the date of declaration: b. Record the JE on the payment date