Sunset Communications has the following stockholders' equity on December 31, 2018: (Click on the icon to view the stockholders' equity) Read the requirements. Requirement 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2019 if total dividends are $25,600 in 2018 and $49,000 in 2019. Assume no changes in preferred stock and common stock in 2019. (Assume all preferred dividends have been paid prior to 2018. Complete all input boxes. Enter a "0" for zero amounts. For the current year preferred dividend, be sure to enter the calculated dividend on the "current year dividend" line and the paid out dividend on the "total dividend to preferred stockholders" line.) Sunset's 2018 dividend would be divided between preferred and common stockholders in this manner: Data Table - X Total Dividend2018 Dividend to preferred stockholders: Dividend in arrears Current year dividend Total dividend to preferred stockholders $ 276,000 Dividend to common stockholders Stockholders' Equity Paid-In Capital: Preferred Stock10%, $12 Par Value; 150,000 shares authorized, 23,000 shares issued and outstanding Common Stock-$1 Par Value; 575,000 shares authorized, 290,000 shares issued and outstanding Paid-In Capital in Excess of ParCommon Total Paid-In Capital Retained Earnings Sunset's 2019 dividend would be divided between preferred and common stockholders in this manner: 290,000 1,015,000 Total Dividend2019 Dividend to preferred stockholders: Dividend in arrears 1,581,000 180,000 Current year dividend $ 1,761,000 Total Stockholders' Equity Total dividend t raforadatsolboldova Choose from any list or enter any number in the input fields and then continue to the next question. Print Done Sunset Communications has the following stockholders' equity on December 31, 2018: (Click on the icon to view the stockholders' equity) Read the requirements. Sunset's 2019 dividend would be divided between preferred and common stockholders in this manner: Total Dividend-2019 Dividend to preferred stockholders: Dividend in arrears Data Table Current year dividend Total dividend to preferred stockholders Dividend to common stockholders on December 20. (Record debits first, Requirement 2. Record the journal entries for 2018, assuming that Sunset Communications declared the dividend on Decembl then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" o $ 276,000 Dec. 1, 2018: Declared dividend. Stockholders' Equity Paid-In Capital: Preferred Stock10%, $12 Par Value; 150,000 shares authorized, 23,000 shares issued and outstanding Common Stock-$1 Par Value; 575,000 shares authorized, 290,000 shares issued and outstanding Paid-In Capital in Excess of ParCommon Total Paid-In Capital Retained Earnings Date Accounts and Explanation Debit Credit 290,000 1,015,000 Dec. 1 1,581,000 180,000 $ 1,761,000 Total Stockholders' Equity Choose from any list or enter any number in the input fields and then continue to the next question. Print Done Sunset Communications has the following stockholders' equity on December 31, 2018: (Click on the icon to view the stockholders' equity) Read the requirements. Dec. 10, 2018: Date of record. Date Accounts and Explanation Debit Credit Data Table Dec. 10 Stockholders' Equity Paid-In Capital Preferred Stock10%, $12 Par Value; 150,000 shares authorized, 23,000 shares issued and outstanding Common Stock-$1 Par Value; 575,000 shares authorized, 290,000 shares issued and outstanding Dec. 20, 2018: Paid dividend. $ 276,000 Date Accounts and Explanation Debit Credit Dec. 20 290,000 1,015,000 Paid-In Capital in Excess of ParCommon Total Paid-In Capital Retained Earnings 1,581,000 180,000 1,761,000 $ Total Stockholders' Equity Choose from any list or enter any number in the input fields and then continue to the next question. Print Print Done Done