3. Cash dividend with fully participating PS XYC has the following stock: Common stock, 3,000 shares, $10 par value Preferred stock, 10%, participating, cumulative. 2,000 shares, $10 par value XYC declared a dividend of $10,000. No dividends were in arrears. Prepare JEs, assuming that the preferred stock is fully participating and the declaration date was 6-13-20 and the payment date was 9-13-20.