Multiple steps and requirements for this one. thanks

The annual report for Sneer Corporation disclosed that the company declared and paid preferred dividends in the amount of $210,000 in the current year It also declared and pard dividends on common stock in the amount of $1.90 per share. During the current year, Sneer had 1 million common shares authorized; 410.000 shares had been issued; and 199.000 shares were in treasury stock. The opening balance in Retained Earnings was $790,000 and Net income for the current year was $290,000 Required: 1. Prepare journal entries to record the declaration, and payment, of dividends on (c) preferred and (b) common stock. 2. Using the information given above, prepare a statement of retained earnings for the year ended December 31. 3. Prepare a journal entry to close the dividends occount Journal entry worksheet Record the declaration of a cash dividend of $210,000 to the preferred stockholders: Note Enter cebits before credits. Journal entry worksheet Record the payment of the cash dividend to the preferred stockholders. Note: Enter oebits before credist. Journal entry worksheet Record the declaration of a cash dividend of $1.90 per share to the common stockholders payable on the shares outstanding. Note: Enter debits before credits. Journal entry worksheet Record the payment of the cash dividend to the common stockholders. Note: Enter/debris before credits. Using the information given above, prepare a statement of retained earnings for the year ended December 31. Journal entry worksheet Record the entry to close the dividends account. Note: Enter debits before credits