The date of declaration, date of record, and date of payment in connection with a cash dividend of $1,200,000 on a corporation's common stock are June 1, July 15, and August 14, respectively Ilustrate the effects on the accounts and financial statements for June 1. If no account or activity is affected, select "No effect from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. Balance Sheet Statement of Liabilities + Stockholders' Equity Assets Cash Flows No effect Cash dividends payable Retained earnings v June 1 Statement of Cash Flows Income Statement No effect No effect Ilustrate the effects on the accounts and financial statements for July 15. If no account or activity is affected, select "No effect from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. Balance Sheet Statement of Assets Liabilities +Stockholders Equity Cash Flows No effect No effect No effect uly 15 Statement of Cash Flows Income Statement No effect No effect Ilustrate the effects on the accounts and financial statements for August 14. If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts Balance Sheet Statement of Stockholders Equity No effect V Liabilities Assets Cash Flows -Cash dividends payable Cash v Aug. 14 Statement of Cash Flows Income Statement Financing No effect