On March 15, American Eagle declares a quarterly cash dividend of $0.075 per share payable on April 13 to all stockholders of record on March 30. Required: Record American Eagle’s declaration and...

On March 15, American Eagle declares a quarterly cash dividend of $0.075 per share payable on April 13 to all stockholders of record on March 30.

Required:

Record American Eagle’s declaration and payment of cash dividends for its 220 million shares.