WEIL Inc, has 60,000 shares of cumulative preferred 2% stock. $150 par, and 100,000 shares of $5 par common stock. The following amounts were distributed as dividends: Year 1: $105,000, Year 2: 300,000, Year 3: 480,000 Determine the dividends per share for preferred and common stock for each year; 13 Amount Distributed Year 1 105,000.00 Year 2 300.000 .00 Year 3 480,000.0 Preferred Dividend (60,000 shares) Common Dividend (100,000 shares) Dividends per Share Preferred Stock Common Stock The declaration, record, and payment dates for a cash dividend of $650,000 on ABC Corporation's common stock are May 1, June 18, and August 1. Journalize the entries required on each date. Date Item Ref Dr Cr