On May 1, Year 1, Love Corporation declared a $66,600 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 Retained Revenue Expense T| Earnings | + (66,600) Balance Sheet Liabilities Common Stock 66,600| + Statement of Cash Flow Date Assets Net Income + May 1 May 15 May 31 + (66,600) = (66,600) + + (66,600)| FA