1) Calculate the dividends paid to each class of stock in each of those years assuming the preferred stock is NON-CUMULATIVE. Use the matrix format listed below. Be sure to show your supporting calculations and label them to indicate which numbers in the matrix they are supporting. Total dividend declared Preferred dividends paid this year Preferred dividends carried forward to next year Common dividends paid Year this year 1 $25,000 $8,000 N co $75,000 Calculate the dividends paid to each class of stock in each of those years assuming the preferred stock is CUMULATIVE. Use the matrix format listed below. Be sure to show your supporting calculations and label them to indicate which numbers in the matrix they are supporting. Total Preferred dividends Preferred dividends carried forward Common dividends paid dividend Year declared paid this year to next year this year 1 $25.000 2 $8.000 US $75.000 A corporation was organized on January 1 and issued the following shares of stock 1) 2,500 shares of $100 par value, 8% non-participating preferred stock. 2) 20,000 shares of $20 par value common stock. All shares were issued and outstanding throughout the next three years. The corporation declared and paid a cash dividend in each of those years as follows: Year 1 - $25,000 Year 2 - $8,000 Year 3 - $75,000 Required: 1) Calculate the dividends paid to each class of stock in each of those years assuming the preferred stock is NON-CUMULATIVE. Use the matrix format listed below. Be sure to show your supporting calculations and label them to indicate which numbers in the matrix they are supporting. Preferred Total Preferred dividends Common dividend dividends carried forward dividends paid Year declared paid this year to next year this year 1 $25,000 2 $8,000 3 $75,000 2) Calculate the dividends paid to each class of stock in each of those years assuming the preferred stock is CUMULATIVE. Use the matrix format listed below. Be sure to show your supporting calculations and label them to indicate which numbers in the matrix they are supporting- Total dividend Preferred dividends paid this year Preferred dividends carried forward Common dividends paid this year Year declared to next year 1 $25,000 2 $8,000 3 $75,000