On May $1,$ Year $1,$ Love Corporation declared a $$81,000$ cash dividend to be paid on May $31$ to shareholders of record on May $15.$WolHeRequireda. Record the events occurring on May $1,$ May $15,$ and May $31$ in a horizontal statements model.b$.$ Prepare journal entries for all events associated with the dividend.

Required $A$

Required B

Prepare journal entries for all events associated with the dividend. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

Journal entry worksheet

$1$

$2$

$3$

$4$

On May $1,$ Love Corporation declared a $$81,000$ cash dividend to be paid on May $31.$ Record the transaction.