ment NEXT PRINTER VERSION BACK FULL SCREEN MESSAGE MY INSTRUCTOR CALCULATOR Exercise 11-05 a-c Blossom Corporation issued 110,000 shares of $20 par value, cumulative, 8 % preferred stock on January 1, 2019, for $2,520,000. In December 2021, Blossom declared its first dividend of $750,000. Prepare Blossom's journal entry to record the issuance of the preferred stock. (Credit account titles are autonatically indented when amount is entered. Do not indent manualy. If no entry is required, select "No Entry" for the account titles and enter 0 for the ainounts.) Credit Account Titles and Explanation Debit If the preferred stock is not cumulative, how much of the $750,000 would be paid to common stockholders? Common Stock Dividends If the preferrred stock is cumulative, how much of the $750,000 would be paid to common stockholders? Common Stock Dividends $