World Series Inc. declared $50 cash dividends on 12/31/20 to be paid in cash on 1/10/21.

Please fill out these boxes:

for ALL of these boxes, you can choose - which indicates that none of the answers are applicable

Balance Sheet

cash asset box: -50, 50

Non-cash assets box 1: -50, 50

Non-cash assets box 2: Common stock, dividends paid, dividends receivable, dividends payable, prepaid dividends, retained earnings

Liabilities box 1:- -50, 50

Liabilities box 2:Common stock, dividends paid, dividends receivable, dividends payable, prepaid dividends, retained earnings

contrib capital box 1: -50, 50

contrib capital box 2:Common stock, dividends paid, dividends receivable, dividends payable, prepaid dividends, retained earnings

earned capital box 1: -50, 50

earned capital box 2: Common stock, dividends paid, dividends receivable, dividends payable, prepaid dividends, retained earnings

Income Statement

revenues box 1: 50 or -

revenues box 2:dividends payable, dividend income, dividends receivable, prepaid dividends

expenses box 1: 50 or -

expenses box 2: dividends payable, dividend income, dividends receivable, prepaid dividends

net income: -50 or 50

World Series Inc. declared $50 cash dividends on 12/31/20 to be paid in cash on 1/10/21. Balance Sheet: 1 Earned Capital Income Statement