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Homework: Ch13_Graded Assignment core: 0 of 2 pts 10 of 14 (7 complete) HW Score: 43.83%, 11.83 of S13-7 (similar to) Question Hep Whitetea Company earned net income of $110,000 during the year ended December 31, 2018 On December 15, Whiteta declared the annual cash dividend on its preferred stock (par value, 5100.000) and a $0.25 pershan cash dividend on his common stock (65.000 shares) Whitea then paid the dividends on January 4 2019 Read the requirements Requirement 1. Journalize for Whiteta the entry declaring the cash dividends on December 15, 2018 Record des test the credits Select the explanation on the last line of the journal entry table) Date Accounts and Explanation Debit Credit 2018 Dec 15 Cash Dividende Dividends Payati Preferred 50 Divends Payetle Common