Horteon Communication has the following stockholderseady on December 31, 2024 em click on the icon to vow the stockholdere outy Read the requirements Requirement 1. Assuming the preferred stock is cumulative, computeremount of divided to preferred stockholders and common stockholders for 2024 and 2005 o dvidends are $2.3.200 in 2024 and 565.000 in 2025. Assume no change in preferred stock and common stock in 2025. Assume pretend dividends have been paid prior to 2004 Complete al input bows Enter for an amounts for the current your preferred dividend, be sure to enter the child dividend on the current year dividend line and the paid out dividend on divided to preferred to identine) Horror's 2004 dividend would be divided between proferred and common stockholders in this manner Total Dividend 2024 Dividend to preferred stockho Dividend in areas Current your dividend Total dividend to preferred stockholders Dividend to common stockholders Horton's 2025 dividend would be divided between preferred and common Hockholders in the manner. Total Dividend 202 Divided to preferred stockholm Dividend in Current year dividend Total send to preferred stockholders Dividend to como stockholders ALL Read the remonts Requirement 2. Record the journal entries for 2024, ssuming that Horton Communications declared the dividend on December for stockholders of record on December 10. Horon Communication parte dicend on December 20. (Recordis first, then credit Belect the expansion on the lastne of the journey with your county regered on the frutine of the Accounts and Explanation cold we the remaining tank) Dec 1, 2024: Declared dividend Date Accounts and planation Debit Credit Det Dec. 10. 2024 Date of record Date Accounts and explanation Debit Credit Dec 10 Dec 20, 2024: Paid dividend Date Accounts and Explanation Debit Credit Dec 20 Data table Stockholders' Equity Paid-In Capital: Preferred Stock-9%, $10 Par Value; 150,000 shares authorized, 28,000 shares issued and outstanding Common Stock-$1 Par Value; 575,000 shares authorized, 370,000 shares issued and outstanding $ 280,000 370,000 1,665,000 Paid-In Capital in Excess of Par-Common Total Paid-In Capital 2,315,000 Retained Earnings 120,000 Total Stockholders' Equity 2,435,000 Print Done