A corporation declared a cash dividend of $$1\mathrm{.}00$ per share on $20,000$ shares of common stock on December $15.$ The dividend is to be paid one month later on January $15$ to stockholders of record on December $30.$ Which of the following summarizes the effects of the journal entry recorded on the date of record on December $30?$

It decreases stockholders' equity and decreases assets.

It increases stockholders' equity and increases liabilities.

It decreases liabilities and decreases assets.

No journal entry is recorded on the date of record.

It decreases stockholders' equity and increases liabilities$\mathrm{.}99\mathrm{.}5$