A company was organized in January 2019 and has 20,000 shares of $10 par value, 10%,...

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A company was organized in January 2019 and has 20,000 shares of $10 par value, 10%, nonparticipating preferred stock outstanding and 150,000 shares of $2 par value common stock outstanding. It has declared and paid cash dividends each year as shown below. Calculate the total dividends distributed to each class of stockholder under each of the assumptions given. Assuming Preferred Stock Is Noncumulative Assuming Preferred Stock Year Cash Dividends Declared and Paid Dividend Is Cumulative Preferred Common Dividend Dividend Preferred Common Dividend 2019 $8,000 2020 $3,200 2021 $70,000 A company was organized in January 2019 and has 20,000 shares of $10 par value, 10%, nonparticipating preferred stock outstanding and 150,000 shares of $2 par value common stock outstanding. It has declared and paid cash dividends each year as shown below. Calculate the total dividends distributed to each class of stockholder under each of the assumptions given. Assuming Preferred Stock Is Noncumulative Assuming Preferred Stock Year Cash Dividends Declared and Paid Dividend Is Cumulative Preferred Common Dividend Dividend Preferred Common Dividend 2019 $8,000 2020 $3,200 2021 $70,000