On July 31, a company declared a cash dividend of $0.25 per common share to the shareholders of record on August 15. The cash dividend will be paid on August 25. This company has 500,000 shares authorized and 100,000 shares outstanding. Part 1. Prepare the journal entries required on July 31, August 15, and August 25. What is the net impact of the above journal entries to the companys total assets, total liabilities and total equity?