Net income after income taxes of $100 000 for dec 31. income taxes paid were 25 000, dividend totaling 30 000 were declared on nov 15 and paid on dec...

Net income after income taxes of $100 000 for dec 31. income taxes paid were 25 000, dividend totaling 30 000 were declared on nov 15 and paid on dec 1. The balance in the share capital account on JAN 1 was 500 000 and the balance in retained earning acc was 70 000.

A) journal entry to record declaration and payment of dividen.

B) statement of retained earning.

I do not understand this question at all!!!! Can someone explain pleaseeeee