Please help me answer the 3 questions on this sheet

Accounting for Owners' Equity: [15009] Cato Corporation was formed January 1, Year 1 when the firm issued 10,000 shares of its $25 par value common stock for $350,000. On the same date the firm issued 1,000 shares of its 10% preferred shares for $100,000. The preferred shares have a par value of $100 per share. The preferred shares are cumulative and participating. Cato had Net Income in Year 1 of $250,000. The firm declared and paid no dividends of any sort in Year 1. In Year 2, the firm had Net Income of $300,000. On December 31, Year 2, the firm declared and paid a $100,000 cash dividend. On January 1, Year 3, the firm declared and distributed a 15% common stock dividend when the fair market value was $50 per share. In Year 3, the firm's Net Income was $500,000. On January 1, Year 4, the firm declared and distributed a 50% common stock dividend when the fair market value per share was $60. On December 31, Year 4, the firm declared and paid a cash dividend of $200,000. The firm's Net Income for Year 4 was $400,000. Required: 1. $__________ How much money would the common shareholders receive from the cash dividend declared and paid on December 31, Year 2? 2. $__________ Considering both the common stock dividend in Year 3 and the firm's Net Income for Year 3, what is the net change in the firm's Retained Earnings account during Year 3? 3. $__________ How much cash would be given to the preferred shareholders out of the cash dividend declared and paid on December 31, Year 4