On May 1, Year 1, Love Corporation declared a $48,600 cash dividend to be paid on May 31 to shareholders of record on May 15. Required

1. Record the events occurring on May 1, May 15, and May 31 in a horizontal statements model.
2. Prepare journal entries for all events associated with the dividend.

Required a. 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. Complete this question by entering your answers in the tabs below. Required A Required B 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 (OA), investing activity (IA), or financing activity IFA). Leave blank to indicate that an element was not affected by the event. Enter amounts to be deducted and ca minus sign.) LOVE CORPORATION Horizontal Statements Model Balance Sheet Income Statement Date Common Assets Liabilities Stock Retained Earnings Revenue Expenses Net Income Statement of Cash Flows May 01 May 15 May 31 +