= Homework: Chapter 13 Homework Question 4, S13-7 (book... Part 1 of 2 HW Score: 70.78%, 14.16 of 20 points * Points: 0 of 2 O Save Java Company samed net income of $85.000 during the year ended December 31, 2018. On December 15, Java declared the annual cash dividend on its 4% preferred stock (par value, $120,000) and a $0.25 per share cash dividend on its common stock (50,000 shares). Java then paid the dividends on January 4, 2019. Read the requirements, Requirement 1. Joumalize for Java the entry declaring the cash dividends on December 15, 2018. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Accounts and Explanation Debit Credit Date 2018 Dec. 15 - X Requirements Cash Dividends 17,300 Dividends Payable Common 17300 1. Journalize for Java the entry declaring the cash dividends on December 15 2018 2. Journalize for Java the entry paying the cash dividends on January 4, 2019. Declared a cash dividend. Print Done