Informative technology Inc has 9,000 $ 1.50 preferred shares and74,000common shares outstanding.Informative Technologies Inc. declared and paid the following dividends during a three year period:2018,$49,000;2019,$0; and2020,$124,000.RequiredLOADING...Requirement 1a. Compute the total dividends on preferred shares and common shares for each of the three years if preferred shares are noncumulative.

Complete the table below. (Complete all answers boxes. For years with no dividend, enter "0".)

Stock type	2018	2019	2020
Preferred dividend
Common dividend

Requirement 1b. Compute the total dividends on preferred shares and common shares for each of the three years if preferred shares are cumulative. (Complete all answers boxes. For years with no dividend, enter "0".)

Stock type	2018	2019	2020
Preferred dividend
Common dividend

Requirement 2. For requirement 1b, record the declaration of the

2020

dividends on December 28,

2020.

(Record debits first, then credits. Exclude explanations from journal entries.)

Journal Entry
Date		Accounts	Debit	Credit
Dec.	28
2020

Record the payment of the

2020

dividends on January 17,

2021.

Journal Entry
Date		Accounts	Debit	Credit
Jan.	17
2021

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1.	Compute the total dividends to preferred shares and common shares for each of the three years if
	a.	preferred shares are noncumulative.
	b.	preferred shares are cumulative.
2.	For requirement 1b, record the declaration of the 2020 dividends on December 28, 2020, and the payment of the dividends on January 17, 2021.