New england communications has the following stockholders' equity

New England Communications has the followng stockholders' equity on Decomber 31, 2024: IIIt (Click on the icon to view the slockholders' equity) Read the gosuifennents. Requirement 1. Assuming tho prefened stock is oumulative, compute the anount of dividends io prelerred stockholders and to commse stocktoiders for 2024 and 2025 if lotal dividends are 510,040 in 2024 and $50,000 in 2025 . Assume no changos in preferred stock and common stock in 2025 . (Aswume al preferred bivilends have been paid prior to 2024 . Complele al icpul boves. Enter a "8" fer zero amounts. For the curent year prelerred dividend, be ture to enter the calculated dividend on the "currens yeor dividend" Ine and the paid out dividend on the "local dividend to. peeferred stockholders" Ine.) New Englanfs 2024 dividend would be divided between perferred and common shochholders h bis manner: Data table Requirements 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2024 and 2025 if total dividends are $10,040 in 2024 and $50,000 in 2025. Assume no changes in preferred stock and common stock in 2025. 2. Record the journal entries for 2024 , assuming that New England Communications declared the dividend on December 1 for stockholders of record on December 10. New England Communications paid the dividend on December 20