Wildebeest Corp. is authorized to issue 2,000,000 shares of common stock. At the beginning of the year, Wildebeest had 315,000 issued and outstanding shares. On July 2, Wildebeest repurchased 4,610 shares of its common stock at $28 per share. On March 1 and September 1 , Wildebeest declared a cash dividend of $1.10 per share. The dividends were paid on April 1 and October 1. Required: 1. Prepare the journal entries to record the declaration of the two cash dividends. If an amount box does not require an entry, leave it blank. 2. Prepare the journal entries to record the payment of the two dividends. If an amount box does not require an entry, leave it blank. Apr. 1 Oct. 1 3. Conceptual Connection: Explain why the amounts of the two dividends are different. The number of shares outstanding due to the purchase of treasury stock on July 2