Hi, could you please explain the answers of these two questions below? I don't quite understand. Thank you so much! ^^

Josh Bell Company has a 12/31 scal year end. Bell declared, but did not record. dividends on 12f30f19. The dividends will he paid to shareholders on 1/15/20. The consequence of these circumstances after the books are closed on 12/31/19 is that Assets are overstated and liabilities are understated. Retained earnings are overstated and liabilities are understated. Working capital is understated and owners' equity is understated Stockholders' equity and net income are overstated. PUP\"? Josh Bell Company, which has a 12/31 scal year end, both declared and paid dividends on 12/30/19. The declaration and payment was not recorded before the books closed on 121'31/19. The consequence of these circumstances is that Net income and retained earnings are overstated. Net income and contributed capital are overstated. Working capital and owner's equity are overstated Net income and working capital are overstated. PCP\