what are the dividends and dividends payable??

Tennis Apparel has two classes of stock authorized: 4%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024 , its first year of operations: January 2 Issue 120,080 shares of common stock for $59 per share. February 14 Issue 49,000 shares of preferred stock for $13 per share. May 8 Purchase 12,000 shares of its own common stock for $49 per share. May 31 Resell 6,000 shares of treasury stock for $54 per share. December 1 Declare a cash dividend on its comeon stock of $0.55 per share and a $19,660 (48 of par value) cash dividend on its preferred stock payable to all stockholders of record on December 15 . The dividend is payable on December 30. (Hint: Dividends are not paid on treasury stock.) Decenber 30 Pay the cash dividends declared on December 1