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D Problem 2: Dividend Transactions for Cumulative Preferred Stock Patterson, Inc. has the following shares outstanding: Totals $200,000 Preferred stock (7%) 10,000 shares. $20 par Common stock 100,000 shares at $5 par Assume that dividends are paid as follows: Year 1: $500,000 $12,000 Year 2: $28,000 Use the above information to answer questions 5 and 6. Be sure to show your calculations and how much is allocated to both preferred and common stock: 2 pts D Question 5 Determine how much of the year 1 dividend is allocated to the preferred and common stockholders. Edit View Insert Format Tools Table 12ptParagraph I B I Aver Tv | : Question 6 2 pts Determine how much of the year 2 dividend is allocated to the preferred and common stockholders Edit View Insert Format Tools Table 12pt Paragraph BI U LTP