Sunland Company was organized on January 1, 2024. During its first year, the corporation issued 2,400 shares of $50 par value preferred stock and 150,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2024,$5,200;2025,$11,900; and 2026, $28,800 Journalize the declaration of the cash dividend at December 31, 2026, under part (b). (Credit account titles are automatically indented when amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. List debit entry before credit entry.) Sunland Company was organized on January 1, 2024. During its first year, the corporation issued 2,400 shares of $50 par value preferred stock and 150,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2024,$5,200;2025,$11,900; and 2026, $28,800 Journalize the declaration of the cash dividend at December 31, 2026, under part (b). (Credit account titles are automatically indented when amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. List debit entry before credit entry.)