list K 2 3 Baxter Corporation has 175,000 shares of $1.50 preferred stock outstanding in addition to its common stock. The $1.60 designation means that the preferred stockholders receive an annual cash dividend of $1.60 per share. In 2021, Baxter declares an annual dividend of $500,000. The allocation to preferred and common stockholders is (Click the icon to view the data) Read the requirements 1. How much in dividends must Baxter declare each year before the common stockholders receive any cash dividends for the year? Dividends the company must declare each year before the common stockholders receivable any cash dividends Requirements Answer these questions about Baxter's cash dividends 1. How much in dividends must flaxter declare each year before the common stockholders receive any cash dividends for the year? 2. Suppose Bastar declares cash dividends of $600,000 for 2021. How much of the dividends goes to preferred shareholders? How much goes to common shareholders 3 Baxter's preferred stock cumulative or noncumulative? How can you tel? 4 Baster passed the preferred dividend in 2020 and 2021. Then in 2022, Baster declares cash dividends of $1,550.000. How much of the dividends gies to preferred shareholders? How much goes to common shareholders? - x Data table Preferred dividend (175,000 shares 1.60 per share) Common dividend (remainder: $500,000-$380,000) Total dividand Print Done Print Done $ 280,000 220,000 500,000