Data Table - X and red Stockholders' Equity Paid-In Capital: Preferred Stock-5%, $11 Par Value; 150,000 shares authorized, 20,000 shares issued and outstanding $ 220,000 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 760,000 680,000 1,660,000 Retained Earnings 200,000 $ 1,860,000 Total Stockholders' Equity Requirements Print Done - X Dec leat 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2019 if total dividends are $9,000 in 2018 and $45,000 in 2019. Assume no changes in preferred 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 10 Northern Communications paid the dividend on December 20 n Print Done Northern Communications has the following stockholders equity on December 31, 2018 (Click on the loan to view the stockholders' equity) Read the regiments Requirement 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2019 if total dividends are $9,000 in 2018 ar dividends have been paid prior to 2018. Complete all input boxes Enter a "0" for zero amounts. For the current year prefered dividend, be sure to enter the calculated dividend on the "current year dividend lim Northern's 2018 dividend would be divided between preferred and common stockholders in this manner Total Dividend-2018 Dividend to preferred stockholders:: Dividend in arrears Current year dividend Total dividend to preferred stockholders Dividend to common stockholders Northem's 2019 dividend would be divided between preferred and common stockholders in this manner Total Dividend-2019 Dividend to preferred stockholders Dividend in rears Current year dividend Total deed to preferred stockholders 04046016non stockholden Requirement 2. Record the journal entries for 2018, assuming that Northern Communications declared the dividend on December 1 for stockholders of record on December 10. Northem Communications pai 400ry is reqared, solect "No entry required on the first line of the Accounts and Explanation column and leave the remaining cells blank) Dec 1 2018 Decored dividend 4 Date Accounts and Explanation) Debit Credit Choose tomary est ce doter ny jester in the inpur telos, and then continue to the next question Sends to preferred stockholders and to common stockholders for 2018 and 2019 # total dividends are $9.000 in 2010 and $45,000 in 2019. Assume no changes in preferred stock and common stock in 2019 (Assume all preferred bunts For the current year prefered dividend, be sure to enter the calculated dividend on the "current year dividend line and the paid out dividend on the Total dividend to preferred stockholders' lin) in this manner this manner s declared the dividend on December 1 for stockholders of record on December 10 Northem Communications paid the dividend on December 20. (Recond debits fest, then credits. Select the explanation on the last line of the jum and Exation coluein and have the remaining ceffs blank Credit t question Northern Communications has the following stockholders equity on December 31, 2018 E(Click on the icon to view the stockholders' equity) Read the requirements Requirement 2. Record the journal entries for 2018 assuming that Northem Communications declared the dividend on December 1 for stockholders of record on December 10, Northem Communi entry table no entry is required, select "No entry required on the first line of the Accounts and Explanation column and leave the remaining cells blank) Dec 1, 2018 Declared dividend Date Dec 1 Dec 10, 2018 Date of record Date Dec 10 Doc 20, 2018 Paid dividend Date Dec 20 Accounts and Explanation Debit Credit Accounts and Explanation Debit Credit Accounts and Explanation Debit Credit Choose from any hist of enteriany uror in the bus beds and then contous to the and question comber 31, 2018 them Communications declared the dividend on December 1 for stockholders of necond on December 10. Northam Communications paid the dividend on December 20, Recond debit first, then credit. Select the explanation on the last of the journal ine of the Accounts and Explanation column and leave the remaining cells blank) Debit Crede Debit Credit Debit Credit continue to the next question TAM 12/14/2000