A company was organized in January 2020 and has 10,000 shares of $10 par value, 5%, nonparticipating preferred stock outstanding and 50,000 shares of $1 par value common stock outstanding. It has declared and paid cash dividends each year as shown below. Calculate the total dividends distributed to each class of stockholder under each of the assumptions given. Assuming Preferred Stock Is Noncumulative Cash Dividends Paid Year 2020 $2,000 2021 $5,000 2022 $20,000 Cash Dividends English (United States) Preferred Common Assuming Preferred Stock Is Cumulative Cash Dividends Paid Year 2020 $5,000 2021 $30,000 Assuming Preferred Stock Is Cumulative Preferred Common 2022 $60,000