Problem: Module 3 Textbook Problem 17 learning Objective: 3-14 Show how declaring and paying cash dlvidends affect financial statements On Moy 1, Year 3, Love Corporation declared o \$89,900 cash dividend to be paid on May 31 to shareholders of record on Moy 15 Required Record the events occurring on May 1 and May 31 in a horizontal stotements model in the Cash Flow column, indicate whether the tem is an operating actwity (OA), investing activity (A), or financing activity (FA). If an element was not affected by the event, leave the sell blank (Enter any decreases to account balances with a minus sign.) Problem: Module 3 Textbook Problem 17 learning Objective: 3-14 Show how declaring and paying cash dlvidends affect financial statements On Moy 1, Year 3, Love Corporation declared o \$89,900 cash dividend to be paid on May 31 to shareholders of record on Moy 15 Required Record the events occurring on May 1 and May 31 in a horizontal stotements model in the Cash Flow column, indicate whether the tem is an operating actwity (OA), investing activity (A), or financing activity (FA). If an element was not affected by the event, leave the sell blank (Enter any decreases to account balances with a minus sign.)