Cash Dividends SE10. Leon Corporation has authorized 400,000 shares of S1 par value common stock, of which 320,000 are issued and 280,000 are outstanding. On May 15, the board of directors declared a cash dividend of $0.20 per share, payable on June 15 to stockhold ers of record on June 1. Prepare the entries using T accounts, as necessary, for each of the three dates Stock Dividonda