II Since it was organized in January 2020, Hines Corporation has issued 3000 shares of $100 par value, 10% preferred stock and 15,000 shares of $20 par value common stock. It has declared and paid dividends each year on December 31, as shown below. Show the distribution of total dividends to each class of stockholder under each of the following assumptions: Year Dividends Declared and Paid Assume Preferred Stock is Assume Preferred Stock is Non-Cumulative Cumulative Preferred Common Dividend Dividend Preferred Common Dividend Dividend 2022 $55,000 2023 $35,000 2024 $75,000 Preferred, Cumulative Year December, 31 Dividend Earned and/or in Arrears