10 points Gammon, Inc, declared dividends during the current year as follows The current year's cash dividend on the 6 percent, $100 par value preferred stock 100,000 shares were outstanding at the time of the declaration A cash dividend of $0.75 per share on the $10 par value common stock. 750,000 shares were outstanding at the time of the declaration Prepare the general joumal entries to record the declaration and payment of these dividends, assuming the declaration recorded directly in retained earnings (If no entry is required for a transaction/event, select "No journal entry required" in the first account field) References ME Journal entry worksheet < 2 Record dividends declared on preferred and common stock T Geral June Datin Ou A cash dividend of $075 per share on the $10 par value common stock 750,000 shares were outstanding at the time of the declaration Prepare the general journal entries to record the declaration and payment of these dividends, assuming the declaration is recorded directly in retained earnings. If no entry is required for a transection/event, select "No journal entry required in the first account field) 41 Journal entry worksheet < 4 Record payment of dividends 2 Gal Vew Charity