need a good explaination to this problem, please....Thanks!

Taking It Further Why would an investor choose to invest in common shares if preferred share dividends have a higher priority? P13.4A (LO 2,4) AP Pro Com Ltd. issues 8,000, $5 cumulative preferred shares at $66 each and 15,000 common shares at $30 each at the beginning of 2019. Each preferred share is convertible into two common shares. The appropriate preferred share dividend was declared and paid in 2019. During the years 2020 and 2021, the following transactions affected Pro Com's shareholders' equity accounts: Allocate dividends between preferred and common shares and record conversion. Declared and paid $12,000 of annual dividends to preferred shareholders. 2020 Jan. 10 2021 Jan. 10 Declared and paid annual dividend to preferred shareholders and a $4,000 dividend to common shareholders. The preferred shares were converted into common shares. Mar. Instructions a. Journalize each of the 2020 and 2021 transactions. Aa 6 4:10 PM GENENG 2020-04-212 og