On May 1 Year 1. Love Corporation declared a $48,500 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. (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 in the "Statement of Cash Flows" column may require an input leave cells blank if there is no corresponding input needed.) LOVE CORPORATION Horizontal Statements Model Income Statement Balance Sheet Common Liabilities Stock Statement of Cash Flow Assets Retained Earnings - Revenue Expense - Net Income May 1 May 15 May 31 Beacon Corporation issued a 5 percent stock dividend on 27.500 shares of its 58 par common stock. At the time of the dividend, the market value of the stock was $24 per share. Required a. Compute the amount of the stock dividend b. Show the effects of the stock dividend on the financial statements using a horizontal statements model Complete this question by entering your answers in the tabs below. Required A Required B Compute the amount of the stock dividend. Stock dividend Regleda Required B > Beacon Corporation issued a 5 percent stock dividend on 27500 shares of its 58 por common stock. At the time of the dividend, the market value of the stock was $24 per share. Required .. Compute the amount of the stock dividend b. Show the effects of the stock dividend on the financial statements using a horizontal statements model Complete this question by entering your answers in the tabs below. Required A Required Show the effects of the stock dividend on the financial statements using a horirontal statements model. In the Statement of Cash Flows column indicate whether the m activity (OA). Investing activity (LA), or financing activity (FA). Not all cells in the "Statement of Cash Flowcolumn may require anrout leaves ank if there is Input needed) an serta corresponding Shows BEACON CORPORATION Horizontal Statements Model PC in * Retained Earnings (Regd A