On October 25, 2019, The J.M. Smucker Company made the following dividend announcement: The J. M. Smucker Company (NYSE: SJM) today onnounced that its Board of Directors has approved a $0.88 per share dividend on the common shares of the Company. The dividend will be paid on Monday, December 2, 2019, to shareholders of record at the close of business on Friday, November 15, 2019.

1. What is the impact on Smuckers balance sheet related to the dividend on the following dates: a. October 25,2019 b. November 15,2019 c. December 2,2019