W.2 Online teach x + gmentasigamentando in signments takmer Exercise 10-67 Cash Dividends on Common and Preferred Stock Lemon Inc. has the following information regarding is preferred and c onstad Preferred stock, $30 a 12 cm 300,000 shares with 150,00 Common stock, $2 par; 2.500.000 shares thorized: 1.200.000 share d : 1.000.000 As of December 31, 2019, Lemon was 3 years in arrears on its dividends. During 2020. Lemon dered and stockholders received dividends of $0.45 pershare. de s the Required 1. What was the total amount of dividends dedared and paid during 20207 Total dividends declared and paid 1. Preferred shareholders generally must be paid the entire dividendowed which is Codec based on the other 2. During 2020. what surnal entry was made at the date of deation Retained farmings (or Dividends) Previous Next Al work saved Submit A nment for AD