On January 1 Tellier Corporation had 75000 shares of no-parcommon stock issued and outstanding. The stock has a stated valueof $5 per share. During the year the following transactionsoccurred.Apr. 1 Issued 6250 additional shares of common stock for $13.75per share.June 15 Declared a cash dividend of $2.19 per share to stockholdersof record on June 30.July 10 Paid the $2.19 cash dividend.Dec. 1 Issued 5840 additional shares of common stock for $16.25per share.Dec. 15 Declared a cash dividend on outstanding shares of $2.48 pershare to stockholders of record on December 31.Prepare the entries if any on each of the three dates thatinvolved dividends. (Round all answers to 0 decimal places e.g.12510.)Date Account/Description Debit CreditJune 15July 10Dec. 15How are dividends and dividends payable reported in the financialstatements prepared at December 31?In the dividends of $ will be .In the Dividends payable of $ will be reported as a .