A sports equipment

company issued a $$3$ cumulative preferred stock issue. In $2016,$ the firm$$s board of

directors voted to omit dividends for both the company$$s common stock and its

preferred stock issues. Also, the corporation$$s board of directors voted to pay dividends

in $2017.$ LO$2$

a$.$ How much did the preferred shareholders receive in $2016?$

b$.$ How much did the common shareholders receive in $2016?$

c$.$ How much did the preferred shareholders receive in $2017?$