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On May 1. Year 1, Love Corporation declared a $49,900 cash dividend to be paid on May 31 to shareholders of record on May 15.
On May 1. Year 1, Love Corporation declared a $49,900 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. (Enter amounts to be deducted and cash outfiows with a minus sign. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (1A), or financing activity (FA). Not all cells require input.) LOVE CORPORATION Horizontal Statements Model Income Statement Balance Shoot Common Liabilities Stock Statement of Cash Flow Date Assets Retained Earnings + Revenue Expense = Not Incomo + May 1 May 15 May 31 + ++ RIN
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