3 pts The board of directors of Done Company declared a cash dividend of $1.75 per share on 44,000 shares of common stock on July 15, 2021. The dividend is to be paid on August 15, 2021, to stockholders of record on July 31, 2021. The effects of the August 15, 2021, journal entry are to decrease liabilities and decrease assets. decrease stockholders' equity and decrease liabilities. increase stockholders' equity and decrease assets. increase stockholders' equity and increase liabilities