Tavern 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 Tavern Corp.s liabilities increase, decrease, or remain unchanged on each listed date?

July 1 July 14 July 15 July 31

Group of answer choices

Increase No change Increase Decrease

Increase No change No change Decrease

Decrease No change No change Increase

No change No change Decrease Increase