7. Please help with all requirements!! I will upvote:) Thank you so much!

2021 , Sterling Garde declares an annual dividend of $500,000. The allocation to preferred and common stockholders is: (Click the icon to view the data.) Read the 1. How much in dividends must Sterling Garde declare each year before the common stockholders receive any cash dividends for the year? Dividends the company must declare each year before the common stockholders receivable any cash dividends = Requirements Answer these questions about Sterling Garde's cash dividends. 1. How much in dividends must Sterling Garde declare each year before the common stockholders receive any cash dividends for the year? 2. Suppose Sterling Garde declares cash dividends of $400,000 for 2021 . How much of the dividends goes to preferred shareholders? How much goes to common shareholders? 3. Is Sterling Garde's preferred stock cumulative or noncumulative? How can you tell? 4. Sterling Garde passed the preferred dividend in 2020 and 2021. Then in 2022, Sterling Garde declares cash dividends of $1,500,000. How much of the dividends goes to preferred shareholders? How much goes to common shareholders