Stock transactions for Green Light Driving School, Inc. follow: (Click the icon to view the transactions.) Journalize the transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Mar. 4: Issued 23,000 shares of S1 par value common stock at S9 per share. Date Accounts and Explanation Debit Credit More Info Mar. 4 4 Issued 23,000 shares of $1 par value common stock at $9 per share 22 Mar May Sep. Oct. Purchased 1,500 shares of treasury stock-common at $12 per share. 22 14 Sold 900 shares of treasury stock-common at $23 per share. Sold 600 shares of treasury stock-common at $11 per share. Print Done The following elements of stockholders equity are from the balance sheet of Smith Marketing Corp. at December 31, 2017 (Click on the icon to view the data.) Smith pald no preferred dividends in 2017 Read the requirements. Requirement 1. Compute the dividends to the preferred and common shareholders for 2018 if total dividends are $170,000 and assuming the preaferred stock is noncumulative. Assume no changes in preferred and common stock in 2018. (Complete all input boxes. Enter " for any zero amounts.) Smith's 2018 dividend would be divided between preferred and common stockholders in this manner Total Dividend-2018 Dividend to preferred stockholders: Requirements Dividend in arrears Current year dividend Total dividend to preferred stockholders 1. Compute the dvidends to the preterred and common shareholders for 2018 if total dividends are $170,000 and assuming the preferred stock is noncumulative. Assume no changes in preferred and common stock in 2018. 2. Record the jourrial entries for 2018 assuning that Smith Marketing Corp Dividend to commion stockholders declared the dividends on July 1 for stockholders of record on July 15. Smith paid the dividends on July 31 Data Tabla Print Done Stockholders' Equity Paid-In Capital: Preferred Stock 5%, $2 Par Value: 160,000 shares authorized, 50,000 shares issued and outstanding Common Stock-$0.10 Par Value; 9,000,000 shares 100,000 Enter any number in the edit flelds and then authorized, 8,250,000 shares issued and outstanding 825,000 parts