STUDENT NAME-km artions PROBLEM 2 Frenchroast Company earned net income of $95,000 during the year ended 12/31/16 On December 15, Frenchroast declared stock (par value, $128,000) and a $0.75 per share cash dividend on its common stock (65,000 shares). Frenchroast then paid the dividends on January 4, 2017. Requirements: 1. Journalize for Frenchroast the entry declaring the cash dividends on Dec 15, 2016. 2. Journalize for Frenchroast the entry paying the cash dividends on 1/4/17