4. Smith & Co. has 20,000 shares of 1% cumulative preferred stock of $100 par and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends. (10 points) Year 1 $10,000, Year 2 $45,000, Year 3 $80,000 Determine the dividends per share for preferred and common stock for each year. Year 1 Year 2 Year 3 3. According to records, Borges Distributors, $1,110,000 was subject to 6.0% SS tax and the 1.5% Medicare tax. Also, $50,000 was subject to state and federal unemployment taxes. (10 points) a. Calculate the employer's payroll taxes, using 4.2% for SUTA, and .8% for FUTA b Journalize the entry to record the payroll taxes