Bell company has stock outstanding as follows, $10 par per share, 140000 shares, preferred 5%, 100 par per share, 8000 shares. The preferred is cumulative and participating up to an additional 4% of par, two years are in arrears( not including current year) the total amount of Cash dividends declared for both classes of stock is 230000. prepare the entry for dividend declaration, seperating common and preferred portions.