Manufacturing Co. completed the following transactions during 2024: LOADING...(Click the icon to view the transactions.) Read the requirementsLOADING.... Question content area bottom Part 1 Requirement 1. Record the transactions in Halborn's general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Jan. 16: Declared a cash dividend on the 6%, $105 par noncumulative preferred stock (1 comma 000 shares outstanding). Declared a $ 0.50 per share dividend on the 80 comma 000 shares of $2 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. Date Accounts and Explanation Debit Credit Jan. 16 Cash Dividends 46,300 Dividends PayablePreferred 6,300 Dividends PayableCommon 40,000 Declared a cash dividend. Part 2 Feb. 15: Paid the cash dividends. Date Accounts and Explanation Debit Credit Feb. 15 Cash Dividends Paid cash dividend