Requirement 5. Assume that preferred dividends are in arrears for 2018. Journalize the declaration of an $840,000 dividend on February 28, 2019. An explanation is not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Credit Feb 28 Data table Amount $ 1,900,000 2,400,000 Stockholders' Equity Preferred stock, 3% cumulative-par value $25 per share; authorized 100,000 shares in each class Class A-issued 76,000 shares Class B-issued 96,000 shares Common stock$1 par value: authorized 1,600,000 shares, issued 280,000 shares Additional paid-in capitalcommon. Retained earnings 280,000 5,560,000 8,410,000 $ 18,550,000 Print Done