Horizon Communications has the following stockholders' equity on December 31, 2018: (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 2018 and 2019 if total dividends are $8,760 in 2018 and $55,000 in 2019. Assume no changes in preferred stock and common stock in 2019. (Assume all preferred dividends have been paid prior to 2018. Complete all input boxes. Enter a 'O' 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 2018 dividend would be divided betw i Requirements i Data Table Total Dividend 2018 Dividend to preferred stockholders: 1. Assuming the preferred stock is cumulative, compute the amount of dividends Dividend in arrears Stockholders' Equity to preferred stockholders and to common stockholders for 2018 and 2019 if total dividends are $8,760 in 2018 and $55,000 in 2019. Assume no changes Current year dividend Paid-In Capital: in preferred stock and common stock in 2019. Total dividend to preferred stockholders Preferred Stock-7%, $ 8 Par Value: 150,000 shares 2. Record the journal entries for 2018, assuming that Horizon Communications authorized, 21,000 shares Issued and outstanding S 168,000 declared the dividend on December 1 for stockholders of record on December Dividend to common stockholders Common Stock-$2 Par Value; 575,000 shares 10. Horizon Communications paid the dividend on December 20 authorized, 370,000 shares issued and outstanding 740,000 1,110,000 Paid-In Capital in Excess of Par-Common Print Done Total Pald-In Capital 2,016,000 170,000 Retained Earnings S 2,188,000 Total Stockholders' Equity Enter any number in the edit fields and then ? 4 parts remaining Print Done Check Answer carictcirca