Required information [The following information applies to the questions displayed below] Bacon Inc. has the following stockholders' equity section in its May 31, 2019, comparative balance sheets: Assume that on June 1 the board of directors declared a cash dividend of $0.60 per share on the outstanding shares of common tock. The dividend will be payable on July 15 to stockholders of record on June 15 -1. Calculate the total amount of the dividend