4 Exercise 11-14A (Algo) Effect of cash dividends on financial statements LO 11-6 15 point On May 1 Year 1. Love Corporation declared a 544,500 cash dividend to be paid on May 31 to shareholders of record on May 15 Required Record the events occurring on May 1, May 15, and May 31in a horizontal statements model (Enter amounts to be deducted an outflows with a minus sign. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), Investing activity (IA), or financing activity (FA). Not all cells require input.) book Hint LOVE CORPORATION Horizontal Statements Model Balance Sheet Liabilities Common Stock Assets Statement of Co Income Statement Expense Retained Earnings Print Revenue Net Income Flow . + Date May 1 May 15 May 31 + . References + + (Algo) Effect of cash dividends on financial statements LO 11-6 ve Corporation declared a $44.500 cash dividend to be paid on May 31 to shareholders of record on May 15. pccurring on May 1, May 15, and May 31 in a horizontal statements model. (Enter amounts to be deducted and cash hus sign. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA). A), or financing activity (FA). Not all cells require input.) LOVE CORPORATION Horizontal Statements Model Income Statement Balance Sheet Llabilities Common Stock Retained Earnings Statement of Cash Flow Revenue Expense Net Income Sind 4 Exercise 11-14A (Algo) Effect of cash dividends on financial statements LO 11-6 15 points On May 1, Year 1, Love Corporation declared a 544,500 cash dividend to be paid on May 31 to shareholders of record on May 15. Required Record the events occurring on May 1, May 15, and May 31 in a horizontal statements model (Enter amounts to be deducted and cash outflows with a minus sign. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA). investing activity (IA), or financing activity (FA). Not all cells require input.) eBook Hint LOVE CORPORATION Horizontal Statements Model Balance Sheet Liabilities Common Stock Assets Statement of Cash Income Statement Expense - Net Income Print Retained Earnings Revenue Flow Date May 1 May 15 May 31 + References +