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Posted on May 07, 2024

On May 1 , Year 3 , Love Corporation declared a $ 9 6 , 1 0 0 cash dividend to be paid on May

On May

1,

Year

3,

Love Corporation declared a $

96, 100

cash dividend to be paid on May

31

to shareholders of record on May

15 .

Required

Record the events occurring on May

1

and May

31

in the following horizontal statements model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities

(

),

investing activities

(

),

or financing activities

(

) .

Note: Enter any decreases to account balances and cash outflows with a minus sign. Leave cells blank if no input is needed.

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