The following elements of stockholders' equity are from the balance sheet of Sander Marketing Corp. of December 31, 2017 (Click on the loon to view the data) Sandler paid 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 $160,000 and assuming the preferred stock is roncumulative Assume no changes in preferred and common stock in 2018. (Complete all input boxes. Enter "O" for any 2010 amounts.) Sander's 2018 dividend would be divided between preferred and common stockholders in this manner Total Dividend 2018 Dividend to preferred stockholders: Dividend in arrears Current year dividend Total dividend to preferred stockholders Dividend to common stockholders Enter any number in the edit fields and then click Check Answer wie pruun SIOCK ends to the pre stock in 2018. divided between Stockholders' Equity Paid-In Capital: Preferred Stock-8%, $2 Par Value; 90,000 shares authorized, 60,000 shares issued and outstanding Common Stock-$0.10 Par Value; 11,250,000 shares authorized, 10,500,000 shares issued and outstanding $ 120,000 1,050,000 HUUHUN 2011: e data.) nds in 2017 0 Requirements ividends to the on stock in 2011 . prefer be divided betwo 1. Compute the dividends to the preferred and common shareholders for 2018 if total dividends are $160,000 and assuming the preferred stock is noncumulative. Assume no changes in preferred and common stock in 2018. 2. Record the journal entries for 2018 assuming that Sandler Marketing Corp. declared the dividends on July 1 for stockholders of record on July 15. Sandler paid the dividends on July 31. tockholders Print Done ars