Answer the 2 questions below please!!

Required information (The following information applies to the questions displayed below.] Schlitterbahn Waterslide Company issued 33,000, 10-year, 6 percent, $100 bonds on January 1 at face value. Interest is payable each December 31. (a) The issuance of these bonds on January 1. (6) The first interest payment on December 31. 1. Indicate the effects of the amounts for the above transactions. (Enter any decreases to assets, liabilities, or stockholders equity with a minus sign.) Assets Liabilities Stockholders' Equity (a) Colliers, Inc., has 120,000 shares of cumulative preferred stock outstanding. The preferred stock pays dividends in the amount of $2 per share, but because of cash flow problems, the company did not pay any dividends last year. The board of directors plans to pay dividends in the amount of $720,000 this year. Required: 1. What amount will go to preferred stockholders? 2. How much will be available for common stock dividends? 1. Dividend Payment to Preferred Stockholders 2. Dividend Payment to Common Stockholders