Athletics Co. was organized on January 1, 2019. During its first year, the corporation issued 15,000 preferred shares with a $0.28 dividend entitlement and 165,000 common shares, both at $2 per share. At December 31, the corporation's year end, Athletics declared the following cash dividends: Preferred shares Common Shares 2019 $0.20 per share $0.00 2020 as required by terms $0.12 per share 2021 as required by terms $0.30 per share Instructions a) Calculate the total dividends for each year and the amount paid to each class of shares, assuming the preferred dividend is NOT cumulative. b) Calculate the total dividends for each year and the amount paid to each class of shares, assuming the preferred dividend is cumulative. c) Journalize the declaration of the cash dividend at December 31, 2021 using the assumption of part a). Part A: Year Preferred Common Total 2019 2020 2021 I Part B: Year Preferred Common Total 2019 2020 2021 1 Part C: Accounts Debit Credit