omework 4 - Chapter 9,10 & 11 6 Saved Help Save & Exit Check my 14 Exercise 11-14A Effect of cash dividends on financial statements LO 11-6 66 oints On May 1, Year 1, Love Corporation declared a $54,300 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.) ebook Hint LOVE CORPORATION Horizontal Statements Model Income Statement Retained Revenue Net Income Expense Earnings Balance Sheet Liabilities Common Stock Print Statement of Cash Flow Date Assets + May 1 + May 15 May 31 +