Cornerstone Exercise 10-32 (Algorithmic) Cash Dividends King Tut Corporation Issued 7.200 shares of common stock, all of the same dass; 4,000 shares are outstanding and 3,200 shares are held as treasury stock. On December 1, 2019, King Tut's board of directors declares a cash dividend of 51,75 per share payable on December 15, 2019, to stockholders of record on December 10, 2019. Required: Prepare the appropriate Joumal entries for the (a) date of declaration, (b) date of record, and date of payment. If no entry is required, choose "No entry required" and leave the amount boxes blank (a) (b)