14 (3 Grades) On January 1, 2018, Manama Company has 8% 45,000 shares of $20 par value, Cumulative preferred stock and 120.000 shares of common lock theint, d and outstanding at $5 par value. The Company declared and paid cash dividends as follows Year 2018 2019 2020 Dividends $70,000 $90,000 $130,000 Required: In the below table, determine the amount of cash dividends distributed to each class of shares over the three years Please: Present each year in a separate line