The Stockholders' Equity Section of Echota Corporation at December 31 $5 \%$

The stockholders' equity section of Echota Corporation at December 31 2016 included the following:
$5 \%$ preferred stock, $\$ 100$ par value, cumulative,
10,000 shares authorized, 8,000 shares issued and outstanding $\quad$ $\quad$ $\quad$$\$ 800,000$

Common stock, $\$ 10$ par value, 250,000 shares authorized,
200,000 shares issued and outstanding $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\$ 2,000,000$

Dividends were not declared on the preferred stock in 2016 and are in arrears.
On September 15 2017 the board of directors of Echota Corporation declared dividends on the preferred stock for 2016 and 2017 to stockholders of record on October 1 2017 payable on October 15 2017.
On November 1 2017 the board of directors declared a $.75 per share dividend on the common stock payable November 30 2017 to stockholders of record on November 15 2017.
Instructions
Prepare the journal entries that should be made by Echota Corporation on the dates indicated below: $5 \%$ preferred stock, $\$ 100$ par value, cumulative,
10,000 shares authorized, 8,000 shares issued and outstanding $\quad$ $\quad$ $\quad$$\$ 800,000$

Common stock, $\$ 10$ par value, 250,000 shares authorized,
200,000 shares issued and outstanding $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\$ 2,000,000$