The following selected financial information was extracted from the December 31, 2020, financial records of Fidani Corporation: Credit Debit Cash 69,900 Short-term investments (2,400 shares of Martineau Corporation) 105,600 Common shares (500,000 shares authorized, 92.000 issued) Retained earnings (before closing entries) Net income for 2020 920,000 525,000 105,000 The company's board of directors is considering declaring a dividend. The company's common shares are currently selling for $39 per share. Given the present financial position of Fidanl Company, how large a cash dividend can the board of directors declare? Cash dividend List of Accounts How large a stock dividend can the board legally declare? Stock dividend List of Accounts Assume that the dividends are declared and issued on the same day. Prepare the journal entry to record the maximum dividend in each of parts at and "b" above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry! for the account titles and enter for the amounts) Account Titles and Explanation Debit Credit (Cash dividend) (Stock dividend)