At the beginning of 2021, E-Games Corporation has issued 1900 shares of 7%, $100 par value preferred stock. All remaining shores are common stock. The company did not pay dividends in 2021 due to cash flow difficulties, but pays dividends of $29,000 in 2022. Required: 1. & 2. How much of the 529,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2022, assuming the preferred stock is cumulative? What if the preferred stock were noncumulative? Cumulative Non Cumulative Preferred dividends in arrears for 2021 Preferred dividends for 2022 Remaining dividends to common stockholders Total dividends $ 0 $ 0 On January 1, 2022. The Eighties Shop has 100,000 shares of common stock outstanding. The Eighties Shop incurred the following transactions in 2022 March 1 Issues 64,000 additional shares of $1 par value common stock for $61 per share. May 10 Purchases 5,900 shares of treasury stock for $64 per share. June 1 Declares a cash dividend of $1.95 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,950 shares of treasury stock purchased on May 10 for $69 per share. Required: Record each of these transactions. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction lit Journal entry worksheet