MINNEAPOLIS, March $12,2020/$PRNewswire$/-$The board of directors of Tangent Corporation has declared a quarterly dividend of $80$ 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 entry on the date of record

$3)$ Record the entry on the payment date