QS 11-19 (Algo) Preparing stockholders' equity section LO P1, C2, P3 On December 31, Westworld Incorporated has the following equity accounts and balances. Preferred Stock Common Stock Treasury Stock $8,200 Retained Earnings 2,200 Paid-In Capital in Excess of Par Value, Common Stock 3,200 Paid-In Capital in Excess of Par Value, Preferred Stock $51,000 40,200 4,200 Prepare the stockholders' equity section of Westworld's balance sheet. Note: Amounts to be deducted should be indicated by a minus sign. QS 11-12 (Algo) Dividend allocation between classes of shareholders LO C2 Stockholders' equity of Ernst Company consists of 80,000 shares of $5 par value, 10% cumulative preferred stock and 280,000 shares of $1 par value common stock. Both classes of stock have been outstanding since the company's inception. Ernst did not declare any dividends in the prior year, but it now declares and pays a $125,000 cash dividend at the current year-end. Determine the amount distributed to each class of stockholders for this two-year-old company