Mailings Review View PART III (10 Points) The stockholders' equity section of the Karr Corporation at 09/01/2018 included the following: 6% preferred stock, $100 par value, cumulative, 10,000 shs. authorized, 8,000 shs, issued & outstanding.......$ 800,000 Common stock, $10 par value, 250,000 shares authorized, 200,000 shares issued and outstanding .................. $2,000,000 Due to poor earnings, no preferred dividends were declared/paid in 2017 and are currently in arrears. At their 09/15/2018 board meeting Karr Corporation's directors declared their intention to pay a $500,000 dividend on 10/15/2018 to stockholders of record as of 10/01/2018 Prepare the journal entries required on 9/15/2018, 10/01/2018 and 10/15/2018