Cornerstone Exercise 10-32 (Algorithmic) Cesh bividends King Tut Corporation issued 7,500 shares of common stock, all of the same class; 4,300 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 $1.75 per share payable on December 15,2019 , to stockholders of recerd on December 10, 2019. Required: Prepare the appropriate joumal entries for the (a) date of deciaration, (b) date of record, and (c) date of payment. If no entry is required, choose "No entry reauired" and leave the amount boxes blank