The Stockholders' Equity accounts of Nardo Corporation at January 1, 2019 appear below: $167,500 Common Stock, $5 par value, 150,000 shares authorized: 33,500 shares issued and outstanding Paid in Capital in excess of par value - Common Stock Retained Earnings 139,200 186,520 During the year, the following transactions occurred: f. Declared a dividend for stockholders in the amount of $48,000. Prepare the journal entry for the dividend declared