Tamara Corporation has 5,000 shares of $10 par value common stock outstanding and retained earnings of $97,000. The company declares a cash dividend of $2 per share and an 8% stock dividend. The market price of the stock at the declaration date is $24 per share. REQUIRED 1. Give the general journal entries for (1) the declaration of dividends and (2) the payment (or issuance) of the dividends.