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 taccounts. 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 taccounts