Question 37 of 43 ./1 View Polides Current Attempt in Progress On July 15, 2022, the board of directors of Concord Limited declared a cash dividend of $0.70 per share on 73000 common shares The dividend is to be paid on August 15, 2022. to shareholders of record on July 31, 2022 The effects of the journal entry to record the declaration of the dividend on July 15, 2022 are to decrease shareholders' equity and decrease assets, Increase shareholders' equity and increase liabilities Increase shareholders equity and decrease assets. O decrease shareholders equity and increase liabilities