van Etten company delared and paid cash dividend of $3.25 per share on its $1 par common stock van etten has $100,000 shares of common stock outstanding and total paid-in-capital from common stock of $80,000. As part of the dividend announcement , van etten stated that retained earnings served as the basis for only $0.50 per share of the dividens prepare journal entries necessary on van ettens book to record the declaration and distribution of this dividend?