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Homework: Chapter 13 - fossett Score: 0 of 10 pts 2 of 3 12 complete HW Score: 46.59%, 13.98 Question Help EF13-28 (book/static) The following elements of alckholders' egony are from the balance sheet of Snued Marketing Corp. at December 31, 2023 ilk on the conto the data red polno preferred dividends in 2023 Read the Roermont 1. Good to the dondunds to the preferred and common shareholder for 2024 www videos are $85,000 and annuming the produrred shock In noncumulative Assume no changes in prostories and 2004 boxesfor any line 20 vitend would be avond between preturned and common stockholders is meer Dion to proces Ondina Current and To proud Dividend tomonidan Enter any number in the edities and then click Che Answer 3 parts ng Cara Check Answer Sneed Marketing Corp. at December 31, 2023: Data Table holders fo unts.) Ne. Assumer ockholder Stockholders' Equity Paid-In Capital: Preferred Stock-4%, $2 Par Value; 80,000 shares authorized, 55,000 shares issued and outstanding Common Stock-$0.10 Par Value; 8,750,000 shares authorized, 8,000,000 shares issued and outstanding $ 110,000 800,000 Print Done Clear All balance sheet of Sneed Marketing Corp. at December 31, 2023: * Requirements is noncul and coll O" for ed and 1. Compute the dividends to the preferred and common shareholders for 2024 if total dividends are $185,000 and assuming the preferred stock is noncumulative Assume no changes in preferred and common stock in 2024. 2. Record the journal entries for 2024 assuming that Sneed Marketing Corp. declared the dividends on July 1 for stockholders of record on July 15. Sneed paid the dividends on July 31. Print Done