Darling Corporation issued 200,000 shares of $20 par value, 5% preferred stock on January 1,2019 , for $4,500,000. In December 2021, Darling declared its first dividend of $800,000. Part 1 Prepare Darling's journal entry to record the issuance of the preferred stock. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) If the preferred stock is not cumulative, how much of the $800,000 would be paid to common stockholders? Common Stock Dividends $ If the preferred stock is cumulative, how much of the $800,000 would be paid to common stockholders? Common Stock Dividends $