15 points The shareholders' equity section of RAK Co. includes the items shown below: Common stock, AED 6 par value, AED 600,000 issued and outstanding 12% Preferred stock, cumulative, AED 20 par value, AED 1,200,000 issued and outstanding The board of directors declared cash dividends of AED 90,000, AED 130,000, and AED 270,000 in its first three years of operation-2018, 2019, and 2020 respectively. Instructions: A-Answer the followings: (show all calculations) 1-The dividends that preferred stockholders will receive in 2018 (3 marks) 2-The dividends that common stockholders will receive in 2019 (3 marks)- 3-The dividends that common stockholders will receive in 2020 (4 marks)