QUESTION 16 On December 1 Year 1, the board of directors of Buy & Large, inc declared a cash dividend of S2 per share on the 300 000 common shares outstanding on record at December 31 Year 1 payable January 10, Year 2 the following year No other dividends were declared in other year What is the amount and on which Your financial statement does Dividonds and Dividends Payablo appear? Dividend A ${000,000). Income Statement Dividends Payable $500,000 tncome Statement $(000.0003 Statement of Shareholders Equity D SOOO 000 Statement or shareholders Equity E (000 000), Statement of Cash Flow 5800,000, Statement of Cash Flows $(800 000) Balance Shoot H S600.000, Balance Sheet