Please show all supporting computations. Points will be deducted if you do not show your work. Anderson Corporation was formed on January 3, 2019. It is authorized to issue 2,000,000 shares of $1 par value common stock and 50,000 shares of $100 par value 3% cumulative preferred stock. Use the journal form provided on the following page to record the following events which occurred during 2019: Jan. 5 15,000 shares of common stock were issued in exchange for land with a fair value of $250,000 Feb. 16 Sold 20,000 shares of common stock for $7.50 per share and 20,000 shares of pre- ferred stock for $120 per share. Mar. 10 10,000 shares of common stock and 5,000 shares of preferred stock were sold for a total of $700,000. Fair value of the common stock at the time of the sale was $20 per share. Fair value of the preferred stock was $120 per share. (If necessary, round to the nearest dollar when allocating the cash received.) May 1 Purchased 1,500 shares of common stock as treasury shares at $15 per share. July 15 Sold 950 of the treasury shares at $20 per share. Sept. 17 Sold the remaining treasury shares at $9 per share. Dec. 1 Declared a cash dividend of $120,000 payable December 15 to stockholders of record on December 5. Dec. 5 Dividend record date. Dec. 15 Dividend payment date. Dec. 28 A 15% stock dividend was declared. Shares will be issued on January 21, 2020. Market value of the common stock is currently $23 per share. Bonus: For one more point, indicate how much of the $120,000 cash dividend went to the: Preferred Stockholders Common Stockholders