Exercise 11-14A (Algo) Effect of cash dividends on financial statements LO 11-6 On May 1 Year1. Love Corporation declared a $63,600 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 in a morizontal statements model (Enter amounts to be deducted and enth outflows with a minus sign. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA). Investing activity), or financing activity (FA). Not all cells require input.) Answer is not complete LOVE CORPORATION Horizontalement Model income statement Red Expense Earning 0300 Satamento Cai Date Camm Stoch 000 Nel Inco 15 10000 TA