Data table Southem Communicasons has the following shockholders' equity on December 31, 2024 Click on the icon to view the shociteidert' equity Resd the iesuintrents Requirement 1. Assuming the preferred stock is cumblative, compule the amount of dividends to prefecmed slockholders and bo common stockholders for 2024 and 2025 if tocal dwidends are $22,960 in 2024 and 551,000 in 2025 . Assume no changes in prefermed stock and common stock in 2025 . (Astume all proferred dividends hatre been paid prior to 2024. Complefe at input banes. Enter an "O" for zero amounts. For the current year ptefered dividend, be sure to enter the calculated dividend on the fourent year dividenes ine and the paid out dividend on the "lotal dividend 10 preferred slockholders" Ine) Southern Communications has the following stockholders' equity on December 31, 2024: (Click on the icon to view the stockholders' equity) Read the requirements. Southern Communications has the following stockholders' equity on December 31, 2024: Click on the icon to view the stockholders' equity) Read the requirements. Requirement 2. Record the joumal entries for 2024, assuming that Southern Communications declared the dividend on December 1 for record on December 10. Southern Communications paid the dividend on December 20. (Record debits first, then credits. Select the expla tast line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation colum remaining cells blank.) Dec, 1, 2024: Declared dividend. (Clik on the icon to view the stockholders' equty] Read the cecuirements Requirement 2. Record the joumal entries for 2024, assuming that Southern Commanications declared thejdividend on December 1 Gor stockholders of record on December 10. Southem Communications paid the dvidend on December 20. (Rocord debits first, ithen credits. Select the explanation on the last Ine of the journal entry table, If no entry is required, select "Wo entry required" on the first ine of the Aceounts and Explanation column and leave the remaining oolle blank.) Southern Communications has the following stockholders' equity on December 31, 2024: [Click on the icon to view the stockholders' equity) Read the requirements. Dec. 10, 2024: Date of record. Dec. 20, 2024: Paid dividend. Requirements 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2024 and 2025 if total dividends are $22,960 in 2024 and $51,000 in 2025. Assume no changes in preferred stock and common stock in 2025. 2. Record the journal entries for 2024 , assuming that Southern Communications declare y the dividend on December 1 for stockholders of record on December 10. Southern Communications paid the dividend on December 20
