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Horizon Communications has the following stockholders' equity on December 31, 2024: (Click on the icon to view the ttockhalders' equity) Read the reguirements: Requirement 1. Assuming the preferred stock is currulative, compute the amount of dividends to peeferred stockholders and to common stockholdees for 2024 and 2025 is total dividends aro $18,800 in 2024 and $55.000 in 2025 . Assume no changes in preterred stock and common stock in 2025 . (Assume all preferred dividends have been paid prior to 2024 Complete all irput baxes. Enter a "C" for zero amounts. For the current year preferred dividend, be ture to enter the calculated dividend on the "current year dividend" ine and the paid out dividend on the "7ota dividend to proferred stockholders" line.) Horkon's 2024 dividend would be divided between preferred and cornmon stockholders in this manner: Data table Horizons 2025 dividend would be divided between preferred and common stockhoiders in tiss manner: Requirement 2. Record the joumal entries for 2024, assuming that Horzon Comminicatons declared the Communications paid the dividend on December 20 . (Record debci first, then credss. Select the explanoto required" on the fert line of the Acsounts and Estanation coturn and leave the femaining celis blank) Horizon Communications has the following stockholders' equity on December 31, 2024: IIB (Click on the icon to view the wockholders' equity) fread the feouirements. Requirement 2. Record the jounal entries for 2024, assuming that Horizon Corrmunications declared the dividend on December 1 for stockholders of record on December 10. Horizon Communicasions paid the dividend on December 20 . (Record debits finst, then credis. Solect the explanabion on the last line of the joumal entry table. If no entry is required, select To entry reguired" on the first line of the Accounts and Explanation column and leave the femaining cells blank) Dec. 1, 2024: Declared divend. Dec. 10, 2024: Dale of record. Data table