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Bonita Limited has the following information available regarding its share capital at December 31, 2023: The shares were issued when the corporation began operations on January 1,2022. No dividends were declared during 2022 and 2023. On October 27,2024 , the board of directors declares the required preferred share dividends and a $0.50 dividend for each of the common shares. The dividends are payabie on December 1.2024, to the shareholders of record on November 16, 2024. (a) How much will be paid to each class of shares? Cumulative preferred shares Noncumulative preferred shares Commonshares $ $ $ eTextbook and Media Prepare journal entries on the appropriate dates for the 2024 dividends. (Credit account tities are automatically indented when the amount is entered. Do not indent manually, If no entry is required, select 'No Entry' for the occount titles ond enter ofor the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Assume instead that the maximum cash dividend the company can pay in 2024 is $248,000. Determine how much will be paid to the preferred shareholders and to the common shareholders. (Do not leave any answer field blank Enter Ofor amounts.) Dividends paid to the preferred shareholders Dividends paid to the common shareholders

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