Krimett Consulting, Inc., has 7.000 shares of $7.00, no par preferred stock and 25.000 shares of no-par common stock outstanding for 2016-2018. Kinet Consulting Inc, declared and paid the following dividends during a three-year period 2016, 515,000, 2017, 590,000 and 2018, 5220.000 Read the requirements Requirement 1. a. Compute the total dividends to preferred stockholders and to common stockholders for each of the three years. It preferred is noncumulative (Complete all answer boxes Enter"0" for any zero balances) Year Total dividend Preferred dividend Common dividend 2016 $ 15,000 2017 90,000 2018 220.000 1. Compute the total dividends to preferred stockholders and to common stockholders for each of the three years if a. preferred is nonicumulative b. preferred is cumulative 2. For case 1(b), journalize the declaration of the 2018 dividends on December 28, 2018, and the payment of dividends on January 17, 2019. Use separate Dividends payable accounts for preferred and common stock