3. Duncan Corporation has 2,000 shares of $100 par value 6% preferred stock and 20,000 shares of $10 par value common stock outstanding. In its first four years of operation, it has paid the following dividends: Using the above information distribute the dividends for cumulative and non-cumulative preferred stock. 4. Paloma Corporation has 5,000 shares of $100 par value 9% preferred stock and 30,000 shares of $10 par value common stock outstanding. In its first four years of operation, it has paid the following dividends: Using the above information distribute the dividends for cumulative and non-cumulative preferred stock