AGH Corporation is authorized to issue 200,000 shares of preferred stock and 1 million shares of common stock. The corporation declared dividends in the amounts listed below. Determine the amount of dividends that will be allocated to each class of (preferred and common). 1. $100,000 - no preferred dividends in arrears 2. $200,000 and one year of preferred dividends in arrears 3. $200,000 and three years of preferred dividends in arrears 4. What are the implications for the next accounting year regarding dividends? 5. Record the declaration of dividends calculated in item 1 in t accounts.