Requirements 1. Compute the total dividends to preferred stockholders and to common stockholders for each of the three years if a. preferred is noncumulative b. preferred is cumulative 2. For case 1(b), journalize the declaration of the 2018 dividends on December 28,2018 , and the payment of dividends on January 17,2019 . Use separate Dividends payable accounts for preferred and common stock. Klippert Consulting, Inc., has 7,000 shares of $5.00, no-par preferred stock and 50,000 shares of no-par common stock outstanding for 20162018. Klippert Consulting, Inc., declared and paid the following dividends during a three-year period: 2016, $17,000;2017,$95,000; and 2018, $170,000. Read the equirements