The board of directors of Swifty Corporation declared a cash dividend of $2.75 per share on 40000 shares of common stockon July 15. 2020. The dividend is to be pald on August 15 2020, to stockholders of record on July 31 2020. The effects of the journal entry to record the payment of the dividend on August 15. 2020. are to o decrease stockholders equity and decrease liabilities. o increase stockholders equity and decrease assets Increase stockholders' equity and increase liabilities 0 decrease liabilities and decrease assets