AaBbCcDdEe AaBbCcDd AaBbCeDd sis Heading1 Heading 2 Emphasis During 2004 through 2007, Best Corporation had the following issuances of stock outstanding for the entire period: 5,000 shares of 10%, $50 par, preferred stock 50,000 shares of $10 par common stock Cash dividends declared by the board of directors during 2004 to 2007 were as follows: 2004 2005 2006 2007 $ -0 40,000 50,000 75,000 Compute the amount of total dividends payable to each class of stock during 2004 to 2007 by treating the preferred stock as: a) cumulative b) non-cumulative Use the charts below for your answer and be sure to show all of your calculations to receive full credit. a) cumulative Total Preferred Dividend Total Common Dividend Year 2004 2005 2006 2007 Total b) non-cumulative Total Preferred Dividend Total Common Dividend Total 2004 2005 2006 2007