e. Ass sti Data Table Stockholders' Equity Paid-In Capital: Preferred Stock-496, $2 Par Value, 130,000 shares 140,000 authorized, 70,000 shares issued and outstanding Common Stock-S0.10 Par Value; 10,500,000 shares authorized, 9,750,000 shares issued and outstanding975,000 Print Done Question Help * E13-28 (similar to) The following elements of stockholders' equity are from the balance sheet of Smit Marketing Corp at December 31, 2017 EEB KClick on the icon to view the data) Smitts paid no preferred dividends in 2017 Read the requirements Requirement 1. Compute the dividends to the preferred and common shareholders for 2018 if total dividends are $175,000 and assuming the preferred stock is noncumulative. Assume no changes in preferred and common stock in 2018. (Complete all input boxes. Enter "o" for any zero amounts.) Smitts's 2018 dividend would be divided between preferred and common stockholders in this manner $ 175,000 Total Dividend-2018 Dividend to preferred stockholders: Dividend in arrears 1,040 Current year dividend 5,200 Total dividend to preferred stockholders 169,800 Dividend to common stockholders Enter any number in the edit fields and then click Check Answer parts remaining Clear All Final Check