Using the fоllоwing shаrehоlder equity informаtion, indicаte the accounts that would be debited and credited and their respective amounts when recording each of the the dividend-related transactions below. Be sure to clearly label your answers as (a), (b), and (c) and specify debit and credit for the accounts. Accounts that are abbreviated or mis-spelled receive a 0 grade. Preferred shares, $2, noncumulative, 10,000 shares $325,000authorized, 6,500 shares issued Common shares, 300,000 shares authorized, $1,620,000120,000 shares issued a) Declared a cash dividend of $25,000 to be paid next month. b) Paid the cash dividend from item a. c) Prepared the related closing entry at year end.