Bandola Media Inc. has issued and outstanding a total of 25,000 shares of $2.40 preferred shares and 225,000 of common shares. The company began operations and issued both classes of shares on January 1, 2019. Required 1. Calculate the total dividends to be paid to each group of shareholders in each year by completing the following chart. Assume that the preferred shares are cumulative. Year 2019 2020 2021 Dividends Declared and Paid $40,000 120,000 50,000 160,000 Preferred Dividends Common Dividends 2022 2. Calculate the dividends per share to both the preferred and the common shares in 2020 based on the information in #1 above. 3. Calculate the total dividends to be paid to each group of shareholders in each year by completing the following chart. Assume that the preferred shares are non-cumulative. Year Dividends Declared and Paid $40,000 2019 2020 120,000 2021 50,000 2022 160,000 Preferred Dividends Common Dividends