2 As of January 2021, Dress For Success Inc. has 6% Preferred stock, $100 par value 10,000 shares issued and outstanding; Common stock, $5 par value, 100,000 shares issued and outstanding.(40 points) $ 60,000 P/F dividend per year 2019 The following dividends were declared and paid in 2020, 2021 and 2022 No dividends were declared and paid $15,000 $40,000 $110,000 2020 2021 2022 3 26 27 a) Assuming the preferred stock were non cumulative, how much dividends did preferred and common stockholders receive for each year dividends were declared. (15 points) DIVIDEND DATE P/E c/S 29 30 31 12 33 b) Assuming the preferred stock were cumulative, how much dividends did preferred and common stockholders receive for each year dividends were decared. (25 points) ARREARS Total Owed to PF P/P Paid BS 36 37 30 39 Paid to C/5 DIVIDEND DATE 2019 2020 2021 2022 TOTALS 40 41 42