Revise your calculations based the new information provided below and then answer the questions that follo Required: 1. Calculate the number of outstanding shares of common stock: (Amounts to be deducted should be Indlcated by a minus sign.) 2. Prepare the journal entries to record the dividends. (If no entry is requlred for a particular transaction/event, select "No Journal Entry Required" In the first account fleld.) 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. 2. Prepare the journal entries to record the dividends. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account fleld.) Journal entry worksheet Record the entry needed on December 20, the record date. Note: Enter debits before credits. 2. Prepare the journal entries to record the dividends. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the flrst account fleld.) 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.)