Requirements: 1. Compute the dividends to the preferred and common shareholders for 2016 if total dividends are $175,000 in assuming the preferred stock is non cumulative.

2. Record the journal entries for 2016 assuming that Sullivan marketing Corp. declared the dividends on July 1 for stockholders of record on July 15. Sullivan paid the dividends on July 31

Acct 1080- Prof. Newman-Early Winter 2018 Homework: Week Eight: Chapter 12: Exer Score: 0 of 1 pt E13-26 (similar to The following elements of stockholders' equity are from the balance sheet of Sulivan Marketing Corp. (Click on the icon to view the data.) Sulivan paid no preferred dividends in 2015 Requirements 1. Compute the dividends to the preferred and common shareholders for 2016 if total dividends are 2. Record the journal entries for 2016 assuming that Sulivan Marketing Corp. declared the dividen Requirement 1. Compute the dividends to the preferred and common sharehoiders for 2016 if total dr Sullivan's 2016 dividend would be divided between preferred and common stockholders in this manne Total Dividend -2016 Dividend to preferred stockholders: 175,000 Dividend in arrears Current year dividend Total dividend to preferred stockholders Dividend to common stockholders Enter any number in the edit fields and then cick Check Answer 3 parts Acct 1080- Prof. Newman-Early Winter 2018 Homework: Week Eight: Chapter 12: Exer Score: 0 of 1 pt E13-26 (similar to The following elements of stockholders' equity are from the balance sheet of Sulivan Marketing Corp. (Click on the icon to view the data.) Sulivan paid no preferred dividends in 2015 Requirements 1. Compute the dividends to the preferred and common shareholders for 2016 if total dividends are 2. Record the journal entries for 2016 assuming that Sulivan Marketing Corp. declared the dividen Requirement 1. Compute the dividends to the preferred and common sharehoiders for 2016 if total dr Sullivan's 2016 dividend would be divided between preferred and common stockholders in this manne Total Dividend -2016 Dividend to preferred stockholders: 175,000 Dividend in arrears Current year dividend Total dividend to preferred stockholders Dividend to common stockholders Enter any number in the edit fields and then cick Check Answer 3 parts