On January 10, 2019, XYZ Company issued 10,000 shares of preferred stock, $100 par, 2% cumulative at a market price of $1 10 per share. On January 12, 2019, XYZ Company issued 100,000 shares of common stock, $1 par, at a market price of $120 per share. On January 30, 2019 the Company's Board of Directors declared total dividends of $50,000 payable to both preferred and common shareholders. Journalize the entry for the issuance of the preferred stock. 1. Journalize the entry for the issuance of the common stock 2. Journalize the entry for the accrual of the preferred dividend. 3. Journalize the entry for the accrual of the common dividend. 4