Yang Company$$s balance sheet showed the following on December $31,2024$:

Common stock, $$10$ par $$104,000$

Paid$-$in capital$---$excess of par $52,000$

Retained earnings $20,800$

A cash dividend is declared on December $31,2024,$ and is payable on January $20,2025,$ to shareholders of record on January $10,2025.$

Required:

Prepare all appropriate journal entries, assuming a cash dividend in the amount of $$5\mathrm{.}00$ per share.