For the declaration of dividends at the end of 2019, I know that the balance for Dividends Payable will need to total $30,000, as that is what they end up paying for the year, but I need help figuring out how to get there with the information given. Please see the attached image.

6. {20) You are provided the following information about Otterbmmd Corporation: a. 110,000 shares of common stock outstanding since 1956. b. 2,000 shares of cumulative preferred stoclr; dividend $5, outstanding since 1995. c. 1,000 shares of noncumulative preferred stock= dividend $3: outstanding since 2004. d. The common shareholders received a dividend in 201?- e. Neither of the preferred shares is subordinate to the other. 1'. Paid $12,000 in dividends in 2013- g. Paid $30,000 in dividends in 2019- Record the journal 61111]? for the declaration of dividends on December 10, 2019 and the payment of dividends on December 17", 2019. modems 12f11I2019 Dividends Pable 30:000 Cash 30:000