Exercise 3: Distribution of dividends The RESISTENCIA corporation has as of December 31, 20x3, $900,000 in 6% preferred stock, and $1,400,000 in common stock with a par value of $8. The Board of Directors has not declared dividends for the On December 31 , a cash dividend of $315,000 is declared. Instructions: 1. Determine the distribution of the dividend considering the following scenarios: a) Preferred shares are basic (Non-accumulative or non-participatory). b) Preferred shares are cumulative non-participating. c) Preferred shares are cumulative and fully participative (fully participating) \begin{tabular}{|l|l|l|l|} \hline & Preferred & Common & Total \\ \hline a) & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline & Preferred & Common & Total \\ \hline b) & Tof & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline & Preferred & Common & Total \\ \hline c) & Tof & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular}