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ACMM company declared annual cash dividends of $10 million, $12 million, and $50 Million in its first three years of operation-2017, 2018, and 2019 respectively.

ACMM company declared annual cash dividends of $10 million, $12 million, and $50 Million in its first three years of operation-2017, 2018, and 2019 respectively. ACMM also had $200 million of outstanding, cumulative and nonparticipating, preferred shares that yield 10%. What is the journal entry associated with the Ex-Dividend date for 2019?

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