The declaration, record, and payment dates in connection with a cash dividend of $50,200 on a corporation's common stock are July 9 , August 31 , and October 1 . Journalize the entries required on each date. If no entry is required, select "No Entry Required" and kave the amount boxes blank, If an amount box doefi not require an entry, leave it blank. Stock shares authorized are: preferred stock, 100,000 shares; common stock, 400,000 shares. There are -3,300 shares of common stock held as treasury stock. Prepare the "Stockholders' Equity" section of the balance sheet as of July 31 , the end of the current year using Method 1 of Exhibit 10 . "Stockholders' Equily" section of balance sheet Specialty Auto Racing Inc, retails racing products for BMWs, Porsches, and Ferraris. The following occounts and their balances appear in the ledger of Speciaity Auto Racing on July 31 , the end of the current year: Stock shares authorized are: preferred stock, 100,000 shares; common stock, 400,000 shares. There are 3,300 shares of common stock held as treastiry stock. Prepare the "Stockholders' Equity" section of the balance sheet as of July 31, the end of the current year using Method 1 of Exhibit 10