A Moving to another question will save this response. Question 1 (4 Marks) Hamala Corporation has the following: - Preferred stock, $10 par value, 8%, 70,000 shares issued $ 700,000 - Common stock, $20 par value, 100,000 shares issued and outstanding $ 2,000,000 In 2019, The company declared and paid $40,000 of cash dividends. In 2020, The company declared and paid $200,000 of cash dividend. Required: Calculate the total cash dividends that will be distributed to preferred and common stockholders, SHOW YOUR CALCULATION CLEARLY For the toolbar, press ALT F10 (PC) or ALT FNF10 (Mac) BI U S Paragraph V Arial 14px SE A SA