Dala lapie receive an annual cash dividend of Avant Garde Corporation has 50,000 shares of $1.70 preferred stock $1.70 per share. In 2021, Avant Garde declares an annual dividend of (Click the icon to view the data.) Read the requirements. Preferred dividend (50,000 shares * 1.70 per share) $ 85,000 415,000 Common dividend (remainder: $500,000 - $85,000) $ 500,000 vlas VI ULUUN ZULI VIVIUenus Total dividend Preferred 85,000 515,000 Common $ 600,000 Total Print Done 3. Is Avant Garde's preferred stock cumulative or noncumulative? Hoy Avant Garde's preferred stock are cumulative because they are not specifically designated as noncumulative 4. Avant Garde passed the preferred dividend in 2020 and 2021. Then in 2022, Avant Garde declares cash dividends of $900,000. How much of the dividends goes to preferred shareholders? How much goes to common shareholders? Class of Stock 2022 Dividends Preferred Common Total