Calculating and Recording Cash Dividends On May 23, 2019, Regan's Board of Directors declared a quarterly cash dividend of $1.16 per share of common stock payable on June 17, 2019, to shareholders of record at the close of business on June 3, 2019. Assume that there were 785 million shares outstanding during this time period. Use the financial statement effects template to record the transactions for the following dates: a. May 23, 2019 b. June 3, 2019 C. June 17, 2019 Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction. Note: Indicate a decrease in an account category by including a negative sign with the amount. ($ in millions) Balance Sheet Income Statement Cash Asset Noncash Assets Contrib. Capital Revenues Transaction (a) May 23, 2019 Net Income (910,600,000 X 0 0 0 Earned Capital (910,600,000) x Dividends Payable * N/A 0 Liabilities 910,600,000 X Dividends Payable 0 0 - Expenses 910,600,000 x = Interest Expense X 0 = N/A N/A N/A (b) June 3, 2019 0 0 = 07 0 - 0 N/A N/A N/A N/A N/A N/A N/A (c) June 17, 2019 910,600,000 X 0 = 0 0 0 0 = 0 (910,600,000) * Dividends Payable Cash N/A N/A N/A N/A N/A