Western Communications has the following stockholders' equity on December 31, 2018: (Click on the icon to view the stockholders' equity) Read the requirements. Requirement 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2019 if total dividends are $19,870 in 2018 and $49,000 in 2019. Assume no changes in preferred stock and common stock in 2019. (Assume all preferred dividends have been paid prior to 2018. Complete all input boxes. Enter a "0" for zero amounts. For the current year preferred dividend, be sure to enter the calculated dividend on the "current year dividend" line and the paid out dividend on the "total dividend to preferred stockholders" line.) Western's 2018 dividend would be divided between preferred and common stockholders in this manner: 19,870 Total Dividend2018 Dividend to preferred stockholders: Dividend in arrears 19,870 Current year dividend Total dividend to preferred stockholders 19,870 Dividend to common otrolholders Data Table Stockholders' Equity Paid-In Capital: YOL $ 243,000 Preferred Stock9%, $ 9 Par Value; 150,000 shares authorized, 27,000 shares issued and outstanding Common Stock-$2 Par Value; 575,000 shares authorized, 310,000 shares issued and outstanding Paid-In Capital in Excess of ParCommon Total Paid-In Capital 620,000 620,000 1,483,000 190,000 Retained Earnings $ 1,673,000 Total Stockholders' Equity Print Done Requirements 02 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2019 if total dividends are $19,870 in 2018 and $49,000 in 2019. Assume no changes in preferred stock and common stock in 2019. 2. Record the journal entries for 2018, assuming that Western Communications declared the dividend on December 1 for stockholders of record on December 10. Western Communications paid the dividend on December 20. Print Done idend to preferred stockholders Western's 2019 dividend would be divided between preferred and common stockholders in this manner: 49,000 Total Dividend2019 Dividend to preferred stockholders: Dividend in arrears Current year dividend Total dividend to preferred stockholders Dividend to common stockholders Requirement 2. Record the journal entries for 2018, assuming that Western Communications declared the dividend on December 1 for stockholders of record on December 10. Western Communications paid the dividend on December 20. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Dec. 1. 2018: Declared dividend. Choose from any list or enter any number in the input fields and then continue to the next