sents ework On September 1, 2020, Jacob Lid purchased 100,000 common shares for a 15% interest in Blue Sky Drilling Corporation for $15 per share, and paid a $7,000 brokerage commission for the purchase. Jacob Lid intends to hold this investment for several years and does not have significant influence over BlueSky Drilling. The market value of the Blue Sky Driling shares at December 31, 2020, is $19 per share on February 15, 2021 BlueSky Drilling distributed a total dividend to its shareholders of $50,000. Jacob Lid sold one-half of the shares on June 30, 2021 for $16 per share. Which of the following is the correct journal entry to record the receipt of the dividend on the books of Jacob Ltd.? Quiz/Te . 10,000 Cash Investment in Blue Sky Drilling Common Shares 10.000 OB 50,000 Dividends Payable Cash 50,000 . Cash 10,000 Dividend Revenue 10,000 OD. Long-Term Investments Dividend Revence 10,000 10.000 Co to select your