. O 201910-ACG-3024-222-10470- Chapter 8 Homework flow/connect.htm work Saved On May 1, 2018, Love Corporation declared a $65,300 cash dividend to be paid on May 31 to shareholders of record on May 15 Required: Record the events occurring on May 1 and May 31 in a horizontal statements model In the Cash Flow column, indicate whether the item is an operating activity (OAL, investing activity (IA), or financing activity (FA) Use NA to indicate that an element was not affected by the event. (Enter any decreases to account balences with a minus sign) Horizontal Statements Model Income Statement Statement of Cash Date Assets LiabilitiesRetained Expense Net Income May 15 May 31