Glenmore Corporation earned net income of $100,000 during the year ended December 31, 2021. On December...

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Glenmore Corporation earned net income of $100,000 during the year ended December 31, 2021. On December 15, Glenmore declared the annual cash dividend on its 2% preferred stock (10,500 shares with total par value of $105,000) and a $0.25 per share cash dividend on its common stock (45,000 shares with total par value of $450,000). Glenmore then paid the dividends on January 4, 2022. Read the requirements. a. Journalize for Glenmore Corporation the declaration for the cash dividends on December 15, 2021. (Record debits first, then credits. Exclude explanations from any journal entries. Use only a single account to record the dividends.) Dec Date 2021 15 Journal Entry Accounts Debit Credit Glenmore Corporation earned net income of $100,000 during the year ended December 31, 2021. On December 15, Glenmore declared the annual cash dividend on its 2% preferred stock (10,500 shares with total par value of $105,000) and a $0.25 per share cash dividend on its common stock (45,000 shares with total par value of $450,000). Glenmore then paid the dividends on January 4, 2022. Read the requirements. a. Journalize for Glenmore Corporation the declaration for the cash dividends on December 15, 2021. (Record debits first, then credits. Exclude explanations from any journal entries. Use only a single account to record the dividends.) Dec Date 2021 15 Journal Entry Accounts Debit Credit