The following elements of stockholders equity are from the balance sheet of Saris Marketing Corp, at December 31, 2017 (Cick on the icon to view the data.) Saris paid no preferred dividends in 2017 Read the requitements Requirement 1. Compute the dividends to the preferred and common sharehalders for 2018 if total dividends are $175,000 and assuming the prefered stock is noncumulative. Assume no changes in preferred and common stock in 2013. (Complete all input boxes. Enter "0" for any zero amounts) Saris's 2018 dividend would he divided betwoen prefered and common stockholders in this manner Total Dividend-2018 Dividend to prefemred stockholders Dividend in arrears Current year dividend Total dividend to preferred stockholders Dividend to common stockhoider Requirement 2. Record the journal entriess for 2018 assuming that Saris Marketing Corp. declared the dividends on July 1 for stockholders of fncond on July 15 Saris paid the dividends on July 31 (Record dabits first, then credts Select the axplanation on the last Ine of the journal entry table If no endry is required, select No entry required ithe frst lina of the Accourts and Explanation cokimn and leave the remaining cells blank) estion in 2017 Data Table hing the preferred st ividends to the kes. Enter "0 fo StockholdersEquity divided betwee Paid-in Capital Preferred Stock 6 % $2 Par Value 100 000 shares M30 000 lders authorized 65 000 shares issued and outstanding Common Stock=$0.10 Par Value: 9 750 000 shares 900 000 authorized 9.000 000 shares issued and outstanding ed stockholders Pint Done olders for stockholders of record on July 15 he Acc journal entries for 2018 assuming that Saris Marketing Corp declared the dividends on J he last line of the journal entry table If no entry is required, select "No entry nts and Explanatio Read the requirements Jul 1, 2018 Declared dividend Date Accounts and Explanation Debit Credit Jul 1 Jul 15 2018 Date of record Date Accounts and Explanation Debit Credit Jul 15 Jul. 31, 2018 Paid dividend. Date Accounts and Explanation Debit Credit Jul 31 Choose from any list or enter any number in the input fields and then continue to the next