8. ZBS Inc. has 10,000 $100 par value 5% preferred shares outstanding. The stock was issued in 2017, but the company paid no dividends in 2017, 2018 or 2019. In 2020, the company paid a $300,000 dividend out of its 2020 net income of $500,000. a. If the prefe dividend between the cumulative preferred and the common shareholders? Cumulative preferred stock $ Common stock $ b. If the preferred stock issue is non-cumulative, what is the distribution of this $300,000 dividend between the non-cumulative preferred and the common shareholders? Non-cumulative preferred stock $ Common stock $