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PROBLEM IV (14 Points) bbit's Wholesale Merchandise had 20,000 shares of 6%, $20 par value preferred stock and 15,000 shares of S25 par value common stock outstanding throughout 2012. These data apply to each of the independent situations below (Your answers must be supported by complete, correct computations: You will not receive credit for correct answer that is not supported by complete, correct computations!! SHOW ALL COMPUTATIONS!! a) Assuming that total dividends in 2012 were $35,000 and that the preferred stock is cumulative with one year's preferred dividends in arrears on December 31, 2011, the preferred stockholders should receive 2012 dividends totaling b) Assuming that total dividends declared in 2012 were $60,000 and that the cumulative preferred stock dividends have not been paid after 2010, the common stockholders should receive total 2012 dividends of