please answer both a and b parts of third question

1 of 3,602 Question 3 Table 13-4 Driver Inc. Partial Balance Sheet December 31, 2018 $200,000 Shareholders' Equity Contributed Capital: Preferred shares, $1.50, cumulative, 100,000 shares authorized, 25,000 shares issued and outstanding Common shares, unlimited number of shares authorized, 70,000 shares issued and outstanding Total contributed capital Retained earnings Total shareholders' equity 350.000 550,000 270,000 $820.000 Refer to Table 13-4. Assume that the preferred shares are cumulative and that there have been no dividends declared in 2016, 2017 and 2018. Driver Inc. declared a cash dividend of $185.000 on December 3, 2019 for shareholders on record January 31, 2020 Driver inc will pay the dividend on February 12, 2020 21 PM Required: ON Home D 1 of 3.602 Required: a) Calculate the total amount of dividend for each class of shares and prepare the journal entries for each dividend date (no explanations required). Use separate dividends payable accounts for preferred and common shares. If no journal entry is required, indicate so on the appropriate date. (8 Marks) . 1 of 3,602 b) Using your solution from the previous question, indicate the dividend amount per share received by the common Shareholders. Do not round (2 Marks) SHA 5 / 6 100% 2019 appears below