Altuve Co was incorporated or January 1, 2016, at which time 175,000 shares of $10 par value common stock were authorized and 75,000 of these shares were issued for $14 per share. Net income for the year ended December 31, 2016. was $357.250. Attuve 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 erects of the issuance of common stock on January 1, 2016. b. Use the horizontal model to show the effects of the declaration of dividends on December 31, 2016