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The following elements of stockholders' equity are from the balance sheet of Sill Marketing Corp. at December 31, 2023 : | (Click on the icon

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The following elements of stockholders' equity are from the balance sheet of Sill Marketing Corp. at December 31, 2023 : | (Click on the icon to view the data.) Sill paid no preferred dividends in 2023 . Read the requirements. Sill's 2024 dividend would be divided between preferred and common stockholders in this manner: Jul. 1, 2024: Declared dividend. Requirements 1. Compute the dividends to the preferred and common shareholders for 2024 if total dividends are $155,000 and assuming the preferred stock is noncumulative. Assume no changes in preferred and common stock in 2024. 2. Record the journal entries for 2024 assuming that Sill Marketing Corp. declared the dividends on July 1 for stockholders of record on July 15 . Sill paid the dividends on July 31 . Data table Srockholders' Equity Piond in Capsat Prelecred 5tock-7\%, 52 Par Waluer. 150,000 shares authorized, 70.000 shares issued and outstanding I. 1.42000 Cowmon Stock - 50.10 Par Valuez 11,000,000 share1

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