E13-10 The following elements of stockholders' equity are adapted from the balance sheet of Levitz Corporation. Stockholders' Equity Preferred stock, cumulative. $2 par (Note 7) Series A. 50,000 shares issued. Series B, 370,000 shares issued. Common stock. $0.10 par. 9,000,000 shares issued Note 7. Preferred Stock: Designated Annual Cash Dividend per Share Series A Series B $0.40 1.30 $ Thousands $100 740 900 The Series A preferred has preference over the Series B preferred, and the company has paid all preferred dividends through 20X3. Required Compute the dividends to both series of preferred stock and to common for 20X4 and 20X5 il total dividends are $0 in 20X4 and $1,100,000 in 20x5.