The following elements of stockholdery equity we from the balance sheet of Snood Marketing Corp. t December 31, 2028 lok on the icon to view the date Sneed poldre preferred dividends in 2025 Read the Requirement 1. Compute the dividends to the preferred and common shareholders for 2024 total dividends $155.000 and ming the preferred sock soncumulative Assume ne changes in preferred and common stock in 2004 Complete all input be Entro for any rere amours) Sreen 2024 dividend would be vided between refermed and common stockholders in this manner Total Dividend-2004 Dond to pretendons Dividend in Current year dividend Yotal dividend to preferred to be Divided to conneckholders Requirement 2. Record the surmastries for 2004 Seed Marketing Comp. decede divided on July 1 for stockholders of record on July 15. Sreed paid the dividends on 31. (Record obits first, the credits. See explanation online of the journal entre select "No entry on the first of the Account and spanion column andering A. 1. 2024: Dedare dividend Date Account and Explanation Det Credi - X Data table he tive. A Stockholders' Equity Paid-In Capital: Preferred Stock-4%, $2 Par Value; 80,000 shares authorized, 55,000 shares issued and outstanding Common Stock-$0.10 Par Value; 8,750,000 shares authorized, 8,000,000 shares issued and outstanding $ 110,000 800,000 Print Done id the rema mplete all input boxes. Enter "O" for any zero amounts.) ed's 2024 di Requirements Dividend Hend to pref Dividend in Current year otal dividen 1. Compute the dividends to the preferred and common shareholders for 2024 if total dividends are $185,000 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 Sneed Marketing Corp. declared the dividends on July 1 for stockholders of record on July 15. Sneed paid the dividends on July 31. Send to com uirement 2. anation on the 1 for ne Acc 1, 2024: Ded Print Done Date 1