= Homework: Chapter 13 Homework: EF13-26, EF13-27, EF13-30, EF Question 2, EF13-27 (Si... Part 1 of 5 HW Score: 0%, 0 of 15 points O Points: 0 of 2 O Save Horizon Communications has the following stockholders' equity on December 31, 2024: (Click on the icon to view the stockholders' equity) Read the requirements Requirement 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 $17,160 in 2024 and $48,000 in 2025. Assume no changes in preferred stock and common stock in 2025. (Assume all preferred dividends have been paid prior to 2024. Complete all input boxes. Enter a "0" for zero amounts. For the current year preferred 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" line.) Horizon's 2024 dividend would be divided between preferred and common stockholders in this manner: Total Dividend2024 Data table X Requirements Dividend to preferred stockholders: Dividend in arrears Stockholders' Equity Current year dividend 1. Assuming the preferred stock is cumulative, compute the amount of dividends Paid-In Capital: to preferred stockholders and to common stockholders for 2024 and 2025 if Total dividend to preferred stockholders Preferred Stock8%, $ 9 Par Value; 150,000 shares total dividends are $17,160 in 2024 and $48,000 in 2025. Assume no changes $ authorized, 28,000 shares issued and outstanding 252,000 Dividend to common stockholders in preferred stock and common stock in 2025. Common Stock-$2 Par Value; 575,000 shares 2. Record the journal entries for 2024, assuming that Horizon Communications authorized, 310,000 shares issued and outstanding 620,000 declared the dividend on December 1 for stockholders of record on December 10. Horizon Communications paid the dividend on December 20. Paid-In Capital in Excess of ParCommon 1,705,000 Total Paid-In Capital 2,577,000 210.000 Retained Earnings Print Done $ 2,787,000 Total Stockholders' Equity Print Done Help me solve this Demodocs example Get more help Clear all Check