Next quesuom The Malton Hotel, Inc., included the following stockholders' equity on its year-end balance sheet at December 31, 2018. (Click the icon to view the balance sheet information.) Read the requirements. Requirement 1. Identify the different issues of stock that the Malton Hotel, Inc., has outstanding. Malton Hotel, Inc. has outstanding Requirement 2. Give the two entries to record issuance of the Malton Hotel, Inc.'s stock. Assume that all the stock was issued for cash. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries. Start by recording the issuance of the preferred stock. Journal Entry Accounts Date Debit Credit Record the issuance of the common stock. Journal Entry Accounts Date Debit Credit Requirement 3. Assume that preferred dividends are in arrears for 2017 and 2018. Record the declaration of a $54,000 cash dividend on December 30, 2019. Assume no change in the preferred stock account in 2019. Use separate Dividends payable accounts for preferred and common stock. An explanation is not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit - Data table Stockholders' Equity $ Paid-in capital: 64,000 Preferred stock, 6%, cumulative, par value $10 per share; 125,000 shares authorized, 6,400 shares issued and outstanding Common stock, par value $3 per share; 1,200,000 shares authorized, 260,000 shares issued and outstanding 780,000 80,000 Paid-in capital in excess of parcommon Total paid-in capital $ 924,000 215,000 Retained earnings Total stockholders' equity $ 1,139,000 Print Done