Altuve Company was incorporated on January 1, 2022, 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, 2022, was $2,286,000. Altuve Company's board of directors declared dividends of $3 per share of common stock on December 31, 2022, payable on January 24, 2023. Required: a. Use the horizontal model to show the effects of the issuance of common stock on January 1, 2022. Indicate the financial statement effect. b. Use the horizontal model to show the effects of the declaration of dividends on December 31, 2022. Indicate the financial statement effect. c. Use the horizontal model to show the effects of the payment of dividends on January 24, 2023. Indicate the financial statement effect. d. Record the journal entry for these transactions. Answer is not complete. Complete this question by entering your answers in the tabs below. Required Required Required Required A B C D Use the horizontal model to show the effects of the payment of dividends on January 24, 2023. Indicate the financial statement effect. Note: Enter decreases with a minus sign to indicate a negative financial statement effect. Assets |= Balance Sheet Liabilities Income Statement Net Income = Revenues Expenses + Stockholders' Equity + < Required B Required D >