Prepare journal entries on the appropriate dates for the 2024 dividends. (Credit account titles are automatically indented amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amm Record Journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles ct. 27 Cash Dividends - Preferred Nov. 16 Cash Dividends-Common Dividends Payable No Entry No Entry Debit 56700 189000 Dec. 1 Dividends Payable 245700 0 Cred Coronado Limited has the following information available regarding its share capital at December 31, 2023: Preferred shares, $3.50 cumulative, 25,200 shares issued $1,260,000 Preferred shares, $4.50 noncumulative, 12,600 shares issued Common shares, 378,000 shares issued 630,000 1,890,000 The shares were issued when the corporation began operations on January 1, 2022. No dividends were declared during 2022 and 2023. On October 27,2024, the board of directors declares the required preferred share dividends and a $0.50 dividend for each the common shares. The dividends are payable on December 1, 2024, to the shareholders of record on November 16, 2024. Your answer is correct. How much will be paid to each class of shares? Cumulative preferred shares Noncumulative preferred shares Common shares XA 264600 56700 189000