bjective 4 E13-27 Computing dividends on preferred and common stock and jour vidend 2018 $9,000 Northern Communications has the following stockholders' equity on Decem 2018: on Decemos E13-29 The 201 $ 220,000 760,000 Stockholders' Equity Paid In Capital: Preferred Stock-5%, $11 Par Value: 150,000 shares authorized, 20,000 shares inued and outstanding Common Stock-$2 Par Value: 575,000 shares authorized, 380,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common Total Paid-In Capital Retained Earnings Total Stockholders' Equity 680.000 1,660,000 $ 1,860,000 Requirements 1. Assuming the preferred stock is cumulative, compute the amount of dividendo preferred stockholders and to common stockholders for 2018 and 2019 ifta dividends are $9,000 in 2018 and $45,000 in 2019. Assume no changes in preformed stock and common stock in 2019. 2. Record the journal entries for 2018, assuming that Northern Communications declared the dividend on December 1 for stockholders of record on December it Northern Communications paid the dividend on December 20. E13-28 Computing dividends on preferred and common stock and journalizing The following clements of stockholders' equity are from the balance sheet of Saeed Marketing Corp. at December 31, 2017: E13-30 Self Tho stoc den warning Objective 4 July 1 Cash Dividends $185.000 Red Stockholders' Equity Paid-in Capital: Preferred Stock-4%, 52 Par Value; 80,000 shares authorized, 55,000 shares issued and outstanding Common Stock-$0.10 Par Value: 8,750,000 shares authorized, 8,000,000 shares issued and outstanding 110,000 E13-31 WO 800,000 Sneed paid no preferred dividends in 2017 Requirements 1. Compute the dividends to the preferred and common shareholders for total dividends are $185,000 and assuming the preferred stock is noncur Assume no changes in preferred and common stock in 2018. 2. Record the journal entries for 2018 assuming that need Marketing Corp the dividends on July 1 for stockholders of record on July 15. Sneed dends on July 31. holders for 2018 kis nonum cop de food paid the