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 $23,400 in 2024 and $46,000 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 Dividend-2024 Dividend to preferred stockholders: Dividend in arrears Current year dividend Total dividend to preferred stockholders Dividend to common stockholders Horizon's 2025 dividend would be divided between preferred and common stockholders in this manner: 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 $23,400 in 2024 and $46,000 in 2025. Assume no changes in preferred stock and common stock in 2025. 2. Record the journal entries for 2024, assuming that Horizon Communications declared the dividend on December 1 for stockholders of record on December 10. Horizon Communications paid the dividend on December 20. Total Dividend-2025 Dividend to preferred stockholders: Dividend in arrears Current year dividend Total dividend to preferred stockholders Print Done Dividend to common stockholders Requirement 2. Record the journal entries for 2024, assuming that Horizon Communications declared the dividend on December 1 for stockholders of record on December 10. Horizon Communications paid the dividend on December 20. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.)