Exercise 11-14A (Algo) Effect of cash dividends on financial statements LO 11.6 On May 1, Yoar 1, Love Corporation declared a $97,900 cash dividend to be paid on May 31 to stiareholders of record on Moy 15 Required: Record the cvonts occurring on May 1, May 15, and May 31 in a horizontal statements model. Note: Enter amounts to be deducted and cash outllows 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