Question: Hi I need help with this problem from Intermediate Accounting. Assume Shawn's Cable source has Preferred Cumulative nonparticipating and Common Stock. The following dividends were

I need help with this problem from Intermediate Accounting.

Assume Shawn's Cable source has Preferred Cumulative nonparticipating and Common Stock. The following dividends were paid out $45000 in 2017, 0 in 2018, and $35000 in 2019. What amount goes to Common and Preferred Stock for each year? Common Stock has a par value of $300000 and 7% preferred stock has a par value of $90000.

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