Altuve Co. was incorporated on January 1, 2016, at which time 475,000 shares of $10 par value common stock were authorized, and 200,000 of these shares were issued for $16 per share. Net income for the year ended December 31, 2016, was $2,286,000. Altuve Co.'s board of directors declared dividends of $3 per share of common stock on December 31, 2016, payable on February 7, 2017 Required: a. Use the horizontal model to show the effects of the issuance of common stock on January 1, 2016. (Use amounts wth+for increases and amounts with for decreases.) Balance Sheet Assets Liabilities Stockholo Cash 3,200,000 4,750,000 b. Use the horizontal model to show the effects of the declaration of dividends on December 31, 2016. (Use amounts with for increases and amounts with - for decreases.) Balance Sheet Assets Liabilities Stockhold