Robydek Corporation issued 100,000 shares of \$20 par value, cumulative, 9% preferred stock on January 1, 2012 for \$2,080,000. In December 2014, Robydek declared its first dividend of \$550,000. a. Prepare Robydek's journal entry to record the issuance of the preferred stock. b. If the preferred stock is not cumulative, how much of the \$550,000 would be paid to common stockholders? c. If the preferred stock is cumulative, how much of the $550,000 would be paid to common stockholders?