Cash Dividend Pioner Company was established on January 1, 2017. The Company issued 12,000 shares of common stock and 4,000 shares of preferred stock on that date. The preferred shares are cumulative, $100 par, with a 7% dividend rate. Pioner has not paid any dividends in 2017 and 2018. On December 31, 2019, the company declared total dividends of $90,000. What is the amount of cash dividends allocated to preferred stocks for 2019? $21,000 O $42,000 $28.000 O None of the options What is the total amount of cash dividends allocated to preferred stocks for 2017 and 2018? $56.000 $42.000 $63,000 None of the options What is the amount of cash dividends allocated to common stocks for 20197 $42.000 56.000 356 000 None of the options What is the amount of cash dividends allocated to common stocks for 2019? * $42,000 O $6,000 O $56,000 O None of the options What is the amount of cash dividend that will be paid for each share of common stock? O $1.25 O 0.5 $5.6 None of the options Page 4 of 11 Back Next