A press release contained the following announcement: Castleton, Sask., April $30,2020$: Ridgeton Corporation announced today that its Board of Directors declared a quarterly cash dividend of $$0\mathrm{.}12$ per share of the Corporation$$s outstanding common shares, payable June $26,2020,$ to shareholders of record at the close of business on June $12,2020.$ This represents a reduction from the $$0\mathrm{.}42$ quarterly dividend paid by the Corporation since $2018.$ Frederick Furter, chairman and chief executive officer, said, $$In today$$s uncertain and challenging economic environment, we believe it is important to preserve liquidity. By lowering the dividend to $$0\mathrm{.}12$ per quarter, we will reduce cash outflows by $$54$ million in $2020.$ This action will strengthen our balance sheet, improve our credit metrics, and provide greater financial flexibility.$$ At the time of the press release, Ridgeton had $150,000,000$ shares authorized and $60$ million outstanding. The par value for the company$$s shares is $$0\mathrm{.}50$ per share. Required:$1.$ Prepare journal entries as appropriate for each of the three dates mentioned above. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Enter your answers in whole dollars and not millions.$)$