Revise your calculations based the new information provided below and then answer the questions that follow. Required: 1. Calculate the number of outstanding shares of common stock: (Amounts to be deducted should be indicated by a minus sign.) Journal entry worksheet Record the entry on the declaration date for the dividends to be paid on the common shares outstanding. Note: Enter debits before credits. Required information Journal entry worksheet Record the entry needed on December 20, the record date. Note: Enter debits before credits. Journal entry worksheet Record the payment of the dividends on the payment date, December 31. Note: Enter debits before credits. 3. Calculate the ending balance of Retained Earnings: (Amounts to be deducted should be indicated by a minus sign.)