The following elements of stockholders' equity are from the balance sheet of Sill Marketing Corp. at December 31, 2017: (Click on the icon to view the data.) Sill paid no preferred dividends in 2017 Read the requirements Stockholders' Equity Paid-In Capital: Preferred Stock5%, $2 Par Value; 100,000 shares authorized, 50,000 shares issued and outstanding Common Stock-$0.10 Par Value; 10,000,000 shares authorized, 9,250,000 shares issued and outstanding $ 100,000 925,000 Compute the dividends to the preferred and common shareholders for 2018 if total dividends are $205,000 and assuming the preferred stock is noncumulative. Assume no changes in preferred and common stock in 2018. Record the journal entries for 2018 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