A portion of the Stockholders' Equity section of LTB Corporation's balance sheet as of December 31, 20X1, appears below: Dividends have not been pald for the year 200. There has been no change in the number of shares of stock issued and outstanding duating 200 or 201. Assume that the bastd of direetors of the corporation dechred a dividend of $250,000 after completing operutions for the year 20X1. Stockikolders' Equiny Preferred Stock ( 6% eumulative, $100 par value, 50.000 shares authorized) At Par Value (25,000 shares issued) $1,500,000 Common Stock ( $20 par value, 300,000 shares authorized) At Par Value ( 150,000 shares issued) 3.000,000 INSTRUCTIONS (calculate 201 amounts) 1. Compute the total amount of the dividend to be distributed to preferred stockholders. 2. Compute the amount of the dividend to be paid on each share of preferred stock. 3. Compute the total amount of the dividend available to be distributed to common stockholdess. 4. Compute the amotant of the dividend to be paid on each share of common stock. 5. Compute the amount of dividends in arrears (if any) that preferred stockholders can expect from Ature declarationt sf divideads. Part II Assume that atter operation for 20X ! were completed, the board of directors declarta a dividend of 5.00,000 inntad of 9i.s0,000, Une the information given in Part I to answer Quertions 1 through 5 above tnder these nev atsumptions. Analyw: In regard to Part L if dividends of $360,000 were declared in 20X, what per-shate amouat would be paid to plafferfed atsekh: olders