At January 1, 2018, Bohemia Nursery Ltd.'s balance sheet reported the following shareholders' equity: (Click the icon to view the shareholders' equity as of January 1, 2018.) (Click the icon to view the transactions in 2018, 2019, and 2020.) Required Requirement 1. Record the transactions in the general journal. December 1, 2018. The company declared dividends of $170,000, payable on January 14, 2019, to the shareholders of record on December 31, 2018. Indicate the amount that would be payable to the preferred shareholders and to the common shareholders. Class A and Class B shares receive the same per-share dividend. (Hold all decimals in interim calculations. Round your final answers to the nearest dollar. Record debits first, then credits. Explanations are not required.) 2018 Dec. 1 Journal Entry Accounts Debit Credit