On May 1, 2018, Love Corporation declared a $92,700 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 a horizontal statements model.

At present, the united states has an embargo against north korea because a. the two countries have extremely poor political relations. b. north korea will not adopt a capitalist government. c. north korean products are too difficult to use. d. north korea has an embargo on american products. e. products from north korea are in higher demand than american-made products.