Wheeler Corporation was authorized to issue 100,000 shares of $6 par common stock. During 2016 Wheeler issued 20,000 shares at a market price of $9 per share. On December 1, 2016 Wheeler declared a cash dividend of $1.25 per share payable on December 30 to stockholders of record as of December 15. Required: a) Prepare the journal entry for the issuance of the 20,000 shares of stock. Assume an issue date of June 30, 2016. b) Prepare the journal entries necessary on the dividend: (1) declaration date. (2) date of record. (3) payment date.