The following elements of stockholders' equity from the balance sheet of need Marketing Corp. at December 31, 2017: Click on the icon to view the data) Sneed paid ne preferred dividends in 2017 Read the requirements Requirement 1. Compute the dividends to the preferred and common shareholders for 2018 total dividends are $185.000 and assuming the preferred cock is no cumulative Assume ne changes in proferred and common stock in 2018 (Complete will not boxes. Enter "o" for any rere amounts) Sneed's 2018 dividend would be divided between preferred and common stockholders in this manner Total Dividend 2018 Dividend to preferred stockholders Dividend in areas Data Table Current year dividend Total dividend to preferred stockholders Stockholders' Equity Dividend to common stockholders Paid in Capital Requirement 2. Record the journal entries for 2018 assuming that need Marketing Corp. declared the dividends of Preferred Stock 4%, 2 Par Value 50,000 shares pedra, the credits explanation on the last line of the journal entry table. If no entry is required select "No entry required on the first authorised, 55.000 shares issued and outstanding $ 110.000 Jul. 1. 2018 Declared dividend Common Stock 30.10 Perlu 8.750,000 shares 800.000 Date authorized 8.000.000 shares issued and outstanding Debt Accounts and Explanation Credit Print Done Requirement 2. Record the journal entries for 2018 uming that need Marketing Corp. declared the dividends on July 1 for stockholders of record on Jay 15. Breed paid the dividends on yecord de la red explanation on the line of the journal entry table ne entry is required, well No entry required on the first line of the Accounts and particolare and love team als Ju. 1. 2018: Declared dividend Dale Accounts and Explanation Det Credo JU Jul 15, 2018 Dwie of record Date Accounts and Explanation Babil Credit Jl. 15 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