On May $1,$ Year $1,$ Love Corporation declared a $$89,400$ 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 $31$ in a horizontal statements model.

Note: Enter amounts to be deducted and cash outflows 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.