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The stockholders' equity section of Kingbird, Inc. at December 31, 2019, included the following: 5% preferred stock $100 par value, cumulative, 16,200 shares authorized, 14,400

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The stockholders' equity section of Kingbird, Inc. at December 31, 2019, included the following: 5% preferred stock $100 par value, cumulative, 16,200 shares authorized, 14,400 shares Issued and outstanding $1.440,000 Common stock. $10 par value, 290,000 shares authorized, 250,000 shares issued and outstanding $2,500,000 Dividends were not declared on the preferred stock in 2019 and are in arrears. On September 15, 2020, the board of directors of Kingbirainc declared dividends on the preferred stock to stockholders of record on October 1, 2020 payable on October 15, 2020 On November 1, 2020, the board of directors declared a $1 per share dividend on the common stock, payable November 30, 2020, to stockholders of record on November 15, 2020, Prepare the journal entries that should be made by Kingbird, Inc on the dates indicated below September 15, 2020 November 1, 2020 October 1, 2020 November 15, 2020 October 15, 2020 November 30, 2020 If no entry is required, select "No entry for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. - antrine in the order in which they must have occurred.) Date Debit Account Titles and Explanation 72000 September 15, 2020 Cash Dividends [ Dividends Payable O October 1, 2020 No Entry No Entry 72000 October 15, 2020 Dividends Payable Cash 250000 November 1, 2020 Cash Dividends Dividends Payable 0 November 15, 2020 No Entry No Entry 250000 November 30, 2020 Dividends Payable Cash

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