Following is a recent Tangent press release:

MINNEAPOLIS, March 12, 2020 /PRNewswire/The board of directors of Tangent Corporation has declared a quarterly dividend of 75 cents per common share. The dividend is payable June 10, 2020, to shareholders of record at the close of business May 20, 2020.

Prepare the journal entries Tangent used to record the declaration and payment of the cash dividend for its 500 million shares.

Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).

1. Record the journal entry on the declaration date.

2. Record the journal entry on the date of record.

3. Record the journal entry on the payment date.