Allocating Dividends to Preferred and Common Stocks Barns Corp. has 3,000 shares of $80 par, 6% cumulative, preferred stock outstanding and 20,000 shares of $1 par common stock outstanding. Calculate dividend allocation for preferred stockholders and common stockholders of each year Year Total Dividends Dividends for Preferred Stockholders Dividends for Common Stockholders 2016 $25,000 $8,000 2017 2018 $0 2019 $20,000 $80,000 2020 10 points Same information as above, but the preferred stock has non-cumulative dividends feature. Calculate dividend allocation for preferred stockholders and common stockholders of each year Year Total Dividends Dividends for Preferred Stockholders Dividends for Common Stockholders 2016 2017 $25,000 $8,000 $0 2018 2019 $20,000 $80,000 2020