4. A company declared dividends as follows: 2020 2021 2022_ Dividends declared $10,000 $15,000 $25,000 At the time of the dividends, they have outstanding 20,000 common stocks, par $10.00, sold at $15.00. Also, 5,000 preferred stocks, 5%, $100.00 par, issued at $ 108.00. Instructions - Calculate the amount each class of stock would receive for each independent situation for years 2020, 2021, and 2022 respectively:

a- Assume that preferred stocks are cummulative, and dividends were paid in all years.

b- Assume that preferred stocks are non-cummulative, and at 2020 there were two years in-arrears

Prepare schedule to determine the dividend that should be paid for each of the following independent transactions