Athena Ltd declared a final dividend to its shareholders at the Annual General Meeting on $31\mathrm{.}12\mathrm{.}2017$ of $$1,200,000.$ The amount was finally paid on $31\mathrm{.}3\mathrm{.}2018.$ Required: a$.$ Prepare the Journal Entries for the declaration and distribution of the dividends in $2017$ and $2018$ b$.$ Explain the differences between ordinary shares and preference shares c$.$ Compare and contrast corporations and partnerships