On December 1, the board of directors of Buy & Large, Inc., declared a cash dividend of $2 per share on the 300,000 common shares outstanding on record at December 31, payable January 10 of the following year. No other dividends were declared in either year. Show the effect on the accounting equation of the entry to be recorded on January 10: If no effect, be sure to enter "No Effect". Assets Liabilities Shareholders' Equity A (600,000) Dividends Payable B.0 No Effect C. (600,000) Cash D. 600,000 Cash E. 600,000 Common Stock F (600,000) Dividends G. (600,000) Additional Paid-in Capital H. (600,000) Treasury Stock 1. (600,000) Common Stock J. 600,000 Dividends Payable