Cornerstone Exercise 10-32 (Algorithmic) Cash Dividends Dabrowski, Inc. issued 7,700 shares of common stock, all of the same class; 4,500 shares are outstanding and 3,200 shares are held as treasury stock. On December 1, 2019, Dabrowski's board of directors declares a cash dividend of $1.75 per share payable on December 15, 2019, to stockholders of record on December 10, 2019 Required: Prepare the appropriate journal entries for the (a) date of declaration, (b) date of record, and (c) date of payment. If no entry is required, choose "No entry required" and leave the amount boxes blank