Timpano Communication Inc. had the following shareholders' equity information on December 31, 2019: 1(Click the icon to view the shareholders' equity section.) The following transactions took place during 2020: i (Click the icon to view the transactions.) Required 1. Record the transactions in the general journal. 2. Prepare the statement of shareholders' equity for the year ended December 31, 2020. Requirement 1. Record the transactions in the general journal. Jan. 14. Declared a $94,000 cash dividend, payable on March 1 to the shareholders of record on February 1. Indicate the amount payable to each class of shareholder. (Record debits first, then credits. Explanations are not required.) Date Jan. 14 Journal Entry Accounts Debit Credit