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What the entry to record the declaration of dividends

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Question - Springer Co. was incorporated on January 1, 2019, at which time 500,000 shares of $1 par value common stock were authorized, and 210,000 of these shares were issued for $9 per share. Net income for the year ended December 31, 2019, was $1,900,000. Springer Co.'s board of directors declared dividends of $1.40 per share of common stock on December 31, 2019, payable on January 27, 2020. What the entry to record the declaration of dividends on December 31, 2019?

Reference no: EM133174381

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