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E. MacGill Inc. paid out cash dividends at the end of each year as follows: Year Dividends 2018 $577,500 2019 $632,000 2020 $749,000 Assume that MacGill had issued 55,000 common shares with share capital of $6,050,000, and 22,000,7% cumulative, preferred shares that were two years in arrears as at January 1, 2018, with a share capital of $2,750,000. How much cash would be paid out in 2018, 2019, and 2020 as dividends to each class of shares? Year Preferred Common Total $ $ $ 2018 $ $ $ VA 2019 $ $ 2020 On October 1, 2020, the board of directors of Tecumseh Corporation declared a 30% stock dividend. On the declaration date, there were 61,500 common shares issued and outstanding. The fair market value of the shares on October 1, 2020, was $130 per share. The stock dividend was distributed on October 31, 2020, to shareholders of record on October 15, 2020. Prepare the journal entries required to record the stock dividend. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit