o Your answer is partially correct. On January 1, Graves Corporation had 60,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. 1 June 15 July 10 Issued 9,000 additional shares of common stock for $11 per share. Declared a cash dividend of $1.50 per share to stockholders of record on June 30. Paid the $1.50 cash dividend, Issued 4,000 additional shares of common stock for $12 per share. Declared a cash dividend on outstanding shares of $1.60 per share to stockholders of record on December 31. Dec. 1 Dec. 15 (a) Prepare the entries, if any, on each of the three dates that involved dividends. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round answers to O decimal places, e.3. 1,225.) Date Account Titles and Explanation Debit Credit June 15 Cash Dividends 105675 Dividends Payable 105675 July 10 4 Dividends Payable 105675 Cash 105675 Dec. 15 Cash Dividends 119440 Dividends Payable 119400