Darling Corporation issued 200,000 shares of $20 par value, cumulative, 6% preferred stock on January 1, 2011, for $4,500,000. In December 2013, Darling declared its first dividend of $800,000. Instructions (a) Prepare Darling's journal entry to record the issuance of the preferred stock. (b) If the preferred stock is not cumulative, how much of the $800,000 would be paid to common stockholders? (c) If the preferred stock is cumulative, how much of the $800,000 would be paid to common