Horton Company has $6,000$ outstanding shares of $$50$ par, $7\mathrm{.}50\%$ preferred stock and $12,000$ shares of

$$5$ par value common stock. The Board of Directors declared and paid the following amount of

dividends: $$16,000$ in $2021,$ $$24,000$ in $2022,$ and $$100,000$ in $2023.$

Calculate the total amount of dividends allocated to both preferred and common shareholders in

$2023$ for the following type of preferred stock: cumulative and nonparticipating. Show calculations and

label answers.

Same as above except calculate the dividends allocated to both preferred and common shareholders

in $2023$ for the following type of preferred stock: noncumulative and participating. Show calculations

and label answers.