On May 1, Year 1, Love Corporation declared a $94,800 cash dividend to be paid on May 31 to shareholders of record on May 15. Required Using the horizontal statements model, show how the events occurring on May 1, May 15, and May 31 would effect the accounts of the Love Corporation. In the Cash Flow column, indicate whether the item is an operating activity (OA), Investing activity (IA), or financing activity (FA). Use NA to indicate that cash flow was not affected by the event. (Amounts to be deducted should be indicated with minus sign.) Balance Sheet Income Statement Date Assets Liabilities Common Stock Retained Earnings Cash Flow Revenue Expense Net Income May 1 May 15 May 311