New England Communications has the following stockholders' equity on December 31, 2018 EB (Click on the icon to view the stockholders equity) Read the raquiramants Requirement 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2019 if total dividends are $29,400 in 2018 and $54,000 in 2019. Assume no changes in preferred stock and common stock in 2019 (Assurne all preferred dividends have been paid prior to 2018 Complate all input boxes Enter a for zero amounts. For the current year preferred dividend, be sure to enter the calaulated dividend on the "current year dividend" line and the paid out dividend on the "total dividend to preferred stockholders"ine.) New Englands 2018 dlvidend would be divlded bebween preferred and common stocd Total Dividend -2018 iths manner. Data Table Dividend to preferred stockholders Dividend in arrear Stockholders' Equity Paid-In Captal Current year dividend Preferred Stock 5%, $12 Par Value: 150 000 shares Total dividend to preferad stockholders Dividend to common stockholders New Englands 2019 dividend would be divided between preferred and common stockholders in this manner Total Dividend 2019 Dividend to preferred stockholders: authorized, 30,000 shares issued and outstanding Common Stock $1 Par Value, 575 000 shares S 360,000 authorized, 370,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common Total Paid-In Capital 370,000 1,665,000 2,395,000 180,000 Dividend in arrears Current year Total dividend to prefemed stockholders Retained Eamings dividend Total Stockholders' Equity $ 2,575,000 Print Done