11 01 Sans Coq va minden wy 13011 Den forstyw, the operation need 40,000 sperred med 400.000 e of pestek Ai Decebey declared the cash did STOGO 2000 20000 30001000 Instructions (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and not cumulative. (6) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and cumulative. (c) Journalize the declaration of the cash dividend at December 31, 2019 using the assumption of part (b). (d) Explain the difference between cumulative or noncumulative stocks. Solution (a) 2017 2018 Solution (b) 2017 2018 Item 2019 Item 2019 Solution (c) Accounts Debit Credit Solution (d) cumulative stocks noncumulative stocks 11 01 Sans Coq va minden wy 13011 Den forstyw, the operation need 40,000 sperred med 400.000 e of pestek Ai Decebey declared the cash did STOGO 2000 20000 30001000 Instructions (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and not cumulative. (6) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and cumulative. (c) Journalize the declaration of the cash dividend at December 31, 2019 using the assumption of part (b). (d) Explain the difference between cumulative or noncumulative stocks. Solution (a) 2017 2018 Solution (b) 2017 2018 Item 2019 Item 2019 Solution (c) Accounts Debit Credit Solution (d) cumulative stocks noncumulative stocks