Mega Corp. declared a $$50,000$ cash dividend on July $1,2020,$ with the following related information:

Ex$-$Dividend Date: July $14,2020$

Date of Record: July $15,2020$

Date of Payment: July $31,2020$

For this transaction, would Mega Corp$$s liabilities increase, decrease, or remain unchanged on each listed date?

Select one:

a$.$

July $1$ July $14$ July $15$ July $31$

No change No change Increase Decrease

b$.$

July $1$ July $14$ July $15$ July $31$

Increase No change No change Decrease

c$.$

July $1$ July $14$ July $15$ July $31$

Decrease No change No change Increase

d$.$

July $1$ July $14$ July $15$ July $31$

No change No change Decrease Increase