Cash Dividends The date of declaration, date of record, and date of payment in connection with a cash dividend of $600,000 on a corporation's common stock are January 1, March 15, and June 14, respectively. Illustrate the effects on the accounts and financial statements for January 1. If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. Balance Sheet Assets Liabilities + Stockholders' Equity + Jan. 1. Statement of Cash Flows Income Statement Illustrate the effects on the accounts and financial statements for March 15. If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. Balance Sheet Assets Liabilities Stockholders' Equity + + Mar. 15. Statement of Cash Flows Income Statement Illustrate the effects on the accounts and financial statements for June 14. If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. Balance Sheet Assets = Liabilities + Stockholders' Equity + Jun. 14. Statement of Cash Flows Income Statement