On Mаrch 1, Yeаr 1, Gilmоre Incоrpоrаted declared a cash dividend on its 1,500 outstanding shares of $50 par value, 6% preferred stock. The dividend will be paid on May 1, Year 1 to the stockholders of record as of April 1, Year 1. How will the May 1 payment of the dividend affect the financial statements? Balance Sheet Income Statement Statement of Cash Flows Assets = Liabilities + Stockholders' Equity Revenue − Expense = Net income A. = 4,500 + (4,500) − = (4,500) FA B. (4,500) = (4,500) + − = (4,500) FA C. (9,000) = (9,000) + − = (9,000) IA D. = + − =