28. Austin Corporation was authorized to issue 100,000 shares of $10 par common stock During 2018 Austin issued 30,000 shares at a market price of $15 per share. On December 1, 2018, Austin declared a cash dividend of $2 per share payable on December 30 to stockholders of record as of December 15 Required: Answer the following questions. Show your work. Indicate effect on financial statements on the date of declaration, date of record, and date of payment of the 20 points cash dividends. Use the model below. Liabilities Equity Cash Flow Date Assets Cash Dividends Retained Earnings Payable