York's outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 200,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends:

2015 total cash dividends $ 20,000 2016 total cash dividends 28,000 2017 total cash dividends 200,000 2018 total cash dividends350,000 Please explain how to journal this