4. The Dulles Co. included preferred stock in its capital structure. The preferred stock account appears as follows: 50,000 shares outstanding, par value $ 20. The dividend percentage is 6%. Common stock appears as 250,000 shares and $ 1.00 Par value. USE THIS INFORMATION TO COMPLETE THE TABLE BELOW. YEAR 2019 2020 2021 PREFERRED ARREARS COMMON TOTAL PAID 40,000 70,000 90,000 5. Use the following table to prepare the necessary journal entries for income tax expense, taxable payable, and deferred income taxes payable. income 2019 2020 2021 total Pre-taxi 200 200 200 600 St. line 40 40 40 120 depreciation Tax 120 depreciation Temporary (80) 40 40 0 difference Taxable 120 240 240 600 income TAX RATE .25 .25 .25 Journal entries here. 2019 2020 2021