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1.) Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2019 if total dividends are $6,360 in 2018 and $46,000 in 2019. Assume no changes in preferred stock and common stock in 2019.

2.) Record the journal entries in 2018, assuming that New England Communications declared the dividend on December 1 for stockholders of record on December 10. New England Communications paid the dividend on December 20.

New England Communications has the ollowing stockholders' equity on December 31, 2018 click on the icon to view the stockholders' equity) Read the requirements. Requirement 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2019 if total dividends are $6,360 in 2018 and $46,000 in 2019. Assume no changes in preferred stock and common stock in 2019. (Assume all preferred dividends have been paid prior to 2018. Complete all input boxes. Enter a "0" for zero amounts. For the current year preferred dividend, be sure to enter the calculated dividend on the "current year dividend" line and the paid out dividend on the "total dividend to preferred stockholders" line.) New England's 2018 dividend would be divided between preferred and common stockholders in this manner Total Dividend-2018 Dividend to preferred stockholders Dividend in arrears Current year dividend Total dividend to preferred stockholders Dividend to common stockholders Enter any number in the edit fields and then click Check Answer parts remaining Clear All Check