Skysong Inc. has the following shares outstanding: 63,200 common and 18,900 $0.90 cumulative preferred. On December 15, the directors declared dividends of $82,630 to the shareholders of record on December 28, payable January 10. Dividends have not been paid for the last two years. 28:12 Hide Time Calculate the amount of dividends payable to each of the common shareholders and the preferred shareholders. Dividends payable to the preferred shareholders $ Dividends payable to the common shareholders $ Prepare the required entries on each of these dates. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 15 (To record declaration of dividend.) (To record payment of dividends.)